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Forex Trading Tutorial - Your Guide to Forex Trade

2009-03-24T20:10:00.001-07:00

Forex market or foreign exchange market is a market which operates 24 hours a day and involves trading in different currencies of the world. Booking profits and making money by trading in forex is no longer restricted to experts - ordinary people like you and me can make profits by using readily available forex trading tutorials, some of which are available online.

The players in this trading system are major financial institutions, central banks, retail currency traders, speculators, large international companies, government institutions, companies with overseas operations etc. The trading instructions are exchanged via global network system over telephone or computers. Investment made by traders is largely governed by movement of major currencies.

Majority of forex trading tutorial with the purpose of educating the users on how to forex trade emphasize and begin with the basics of forex which are:

Each world currency is denoted by a uniform three letter code which is used in forex quotes by all involved. Normally instruments which are traded by forex traders/ investors are currency pairs. A currency pair is the exchange rate of one currency over another. The most traded currency pairs are EUR/USD, GBP/USD, USD/JPY, AUD/USD.

Trade can happen only when you compare one currency with another. To quote an example - you cannot trade by buying and selling USD alone. You need to compare the USD rate to any other world currency rate if you desire to undertake a forex transaction. In the above example say you may wish to sell USD and purchase EUR against it. Forex trade will happen when you accept the price offered for this transaction by your dealer. To continue with our example upon receipt of your concurrence to the price quote, the dealer will actually buy and sell as per your instruction and confirm the price for this trade transaction involving sale of USD and purchase of EUR.

Forex trading tutorial give detailed explanation of some of the technical terminologies also. For example technical terminology for first currency of a currency pair is base currency which is USD in the referred example. The second currency is referred to as the counter or quote currency. Each currency pair is expressed in units of the counter currency needed to get one unit of the base currency.

Forex trading tutorial are indeed of great help in getting us started. However a word of caution here. While trading in currencies take care to ensure that you trade only when you expect the currency you are buying to increase in value relative to the currency you are selling. If the currency you are buying does increase in value, you must sell back the other currency in order to lock in a profit.

So what is stopping you from making use of proven system software and help readily available to start playing the game. If interested in knowing more about one such user friendly tool visit http://www.know-to.info/forex/fx2.html

Reuters - Bridgewater Associates Inc, one of the world's biggest hedge-fund managers, said on Tuesday it might be interested in participating in the U.S. Treasury's public-private investment program, calling it a "big transfer of money from the government to the banks and to the buyers."

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Forex Trading-Making Money With Woodie's CCI

2009-03-13T18:58:00.001-07:00

Ken Wood is a unique man. He's a successful trader as I'm sure you know. He runs a website (I don't remember the address, just Google his name). It's a huge community of traders all trading his style--Woodie's CCI. Even better it's all free.

Well, I will admit that I tried to trade Woodie's CCI method. I couldn't make it work for me. However, I think that was mostly because I disagreed with him about some fundamental issues, not because his method didn't work.

For example, did you know that Ken recommends that you don't look at price at all? To quote him, "You don't need no stinkin' price!" Furthermore Ken maintains that the CCI is a leading indicator. (No such thing exists, but that's another story.)

So I just couldn't swallow all that. However, it obviously works. Thousands of traders converge on his website to trade together all day and night.

Now, if you can't look at price, just how does Woodie make his profits? He actually has about six patterns (his favorite is the ghost), that you need to learn to see in the CCI itself. No, I'm not kidding!

I believe he sort of invented a new form of technical analysis. That is finding patterns on indicator. The only problem is it's not a leading indicator. If there was such a thing as a leading indicator, that would be equivalent to saying that some mathematical formula knows the future. Really?

Obviously that isn't true. So no leading indicators exist.

Do you want to learn more about how I trade? I have just completed my brand new guide, "Forex Trading - What Finally Worked For Me".

Download it free here: Forex Trading

Nathan Pennington is a forex trader and the author of Winning Forex Trading -THE Definitive Guide

AP - World stock markets railled again Friday as confidence remained buoyed by positive U.S. economic data, hopes of further stimulus measures from Japan and China and an upbeat comments from Bank of America's CEO.

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Online Trading Systems - How To Find A Profitable One

2009-03-11T18:37:00.001-07:00

Trading online is now so much easier and far cheaper than using a broker, that is why there are some many people electing to trade online rather than having to go through the hassle of phoning a broker directly every time they want to place a trade.

However the major draw back of trading online is that you are trading on your own. And as any seasoned trader, whether they are trading online or offline will tell you the biggest challenge is having a reliable trading system that you can use in your online trading.

An online trading system means you enter into a trading position when all the trading signals are met through your online trading system using a check list.

The only way you are going to be able to succeed as an online trader is if you have a strict set of guidelines you can follow in a trading system and having the discipline to stick to them

Having and using a predetermined system of trading will enable you to take the emotion out of the trading decisions you make thereby greatly increasing your chances of success in trading online.

There are many online trading systems available on the internet and in book stores, and most of them do work to a certain degree. But picking an online trading systems depends on your style of trading, which is possibly hard to do if you have not been trading for any considerable length of time.

All you can do when you find an online trading system that you think may be profitable is to back test it. What is back testing? It is simply taking the chart of a stock currency or indices and going back in time and then advancing the chart bar by bar and making a decision on what you would do...(either go long or go short) with the information you have at hand.

To do this back testing properly for online trading you have to make sure you do not cheat by seeing what happens further on in the chart. What I do is put my cursor on the slide button on the chart, shut my eyes and basically go back in time. That way your decisions can not be coloured by what you have seen prior on the chart.

To find out about a trading system that uses the time and price concept visit: http://www.tradingslingshot.com

Hil Smith is the author of http://www.tradingslingshot.com which is a website with free educational material for online trading.

Reuters - U.S. accounting rulemakers and regulators said they were pushing ahead with new guidance on mark-to-market accounting that has forced banks to write down billions of dollars in assets in the financial crisis.

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Setting Yourself Up For Futures Trading

2009-03-08T18:24:00.001-07:00

I've noticed that many people new to trading are a bit confused about the mechanics of setting up and funding a trading account with a broker. You needn't be, if you can manage internet banking, then establishing and operating a trading brokerage account is a snip.

The first step is to find your broker. As a trader, you are looking for an efficient electronic platform that lets you manage your account and trading activity interactively over the internet. A few things to look for include:

Low cost of execution for the contracts you intend to trade. Prices are either quoted as a "round trip" or "per side". As a future trade involves two separate transactions - Buy to open, Sell to close, or vice versa - a "round trip" price covers both sides. If you see an advertisement for $5 per side, you know that a trade will cost you $10.

Fast execution of the orders you enter. By "fast" I mean virtually instant execution of market orders. The trading platform must provide a direct electronic interface to the market. Do not entertain any two stage system where orders are submitted to brokers who then submit them to the exchange.

Support for all common order types. At the very least, you should be able to enter market, stop and limit orders. If you don't want to be tied to the screen for the full session, you should have orders such as "one cancels other" or "one triggers other" available, so that your strategy can be automated.

A chart is the trader's basic tool for analysis and good brokers supply excellent packages as part of their offering. You should be able to display market information in multiple formats and time frames. The package must support the display of common indicators and studies on the charts.

Real time data feeds are vital to the day trader. You should be able to watch your charts updating on your screen in real time. You should also be able to see "market depth" information. (This shows the number of orders resting in the market at various bid/ask levels.) In general, there is a monthly charge for this service, which is often waived if you make a certain number of transactions.

Access to international markets. The move to electronic markets has enabled brokers to provide direct interfaces with exchanges around the world. As well as the US Markets, you want to be able to trade European and Asian markets. This is particularly important for non-US based investors.

24-hour support service is essential. Most of the time you will never need to contact your broker by phone, conducting all your normal trading activities via the internet. But if something does go amiss, you want to know that there is somebody available to fix your problem immediately. In fast moving markets, time can be of the essence.

Last, but not least, it is useful if your trading platform allows you to trade futures options as well as pure futures contracts. As your trading develops, you may want to utilize option strategies and it is frustrating if that means you have to change your broker.

During my career I have used two futures brokers - Xpresstrade and Interactive Brokers. Both provided excellent service. Xpresstrade uses a browser based trading platform which means that you do not have to download any special software onto your computer. I found it simple to use, with powerful features, and the support was first class.

Interactive Brokers (IB) is my current broker and I am delighted with their offering. Everything is automated, and there are a multitude of different facilities available on their trading platform. For example, orders can be entered through a conventional order entry screen, directly from a "book trader" screen, or by using graphic tools directly on the charts.

IB has excellent support services. However, they cater for the knowledgable trader and are not into "hand holding" support. A beginner may find their interface more confusing than some others, like Xpresstrade.

As an indication of prices you can expect, Xpresstrade charges $5 per side for common electronic contracts; IB charges $2.40. Both offer discount structures for volume traders.

As I type this I am following the Corn market at the Chicago Board of Trade. Click here to see my simple trading screen.

I have two windows open. On the right is the charting window set to follow the session using 2 minute candlestick bars, with volume shown along the bottom. It is easy to display studies, or draw trend lines on the chart.

To the left is the "book trader" window which displays market depth at various price levels, and permits one click entry of all common order types. For example, left clicking a particular price level enters a Limit order, and a right click enters a stop order. Buy/Sell buttons at the top of the screen enter immediate Market orders.

This is a great setup for day trading. Screens are easy to customize; so each trader can have their own setup, according to personal preference and the tools they like to use.

I have noticed that new non-US traders sometimes feel reluctant to open accounts with US brokerage firms. Naturally they feel more comfortable and "connected" working with a brokerage based in their own country.

But I advise you to think internationally in this business. The US futures markets are big and the industry servicing them is well established and sophisticated. Look for the "best" brokerage, not necessarily a local one. Remember that your interaction will be totally web based, so it really doesn't matter where their office is.

Another fear I have heard expressed by new offshore traders is that their money is not secure, or may be difficult to access. All that I can say is that in over ten years trading experience I have found depositing and withdrawing funds to be simplicity itself, and absolutely reliable. US futures brokers are strictly regulated, maybe better regulated than brokers in your own country.

The best brokers provide facilities on their website which completely automates the account application process. Be prepared to spend a bit of time on this because because there are several documents to be read and completed. It can be a bit intimidating the first time you do it; there is a lot of boilerplate ensuring that you understand the nature of various risks involved. You are also asked questions about your assets and prior trading experience. It is important to read this material carefully, but avoid becoming too discouraged by all the legal language - the brokerages need to advise you of all worst case scenarios and, naturally enough, ensure that they can not be held responsible for losses incurred during normal trading activities.

Quite soon after submitting your application form you will (hopefully) be advised by email of your account acceptance and provided with details including User Id and Password. Login and change the password as soon as possible.

An offshore trader using a US brokerage has a couple of extra steps to go through. You must fax (or email scanned copies of) your passport and a utility bill to comply with stricter security regulations since 9/11. You will also be asked to fill in a W-8 form for tax purposes. If you have no other business activity in the U.S. and live in a country which has reciprocal tax agreements, completion of this form means that the brokerage does not have to withhold a percentage of profits for taxation purposes. This simplifies matters, because you only need to declare income and pay taxes in your own country.

Once you have a user account and password, you can log into your account. At this point you need to fund it. This is normally done by a standard electronic funds transfer. Offshore traders may need to wire funds, but this is a simple thing to arrange from your bank branch. (In my case, Interactive Brokers provide the facility to deposit funds using the standard Australian funds transfer system which is easily done via internet banking.When the funds arrive in your account, it is activated and you can view your balance on the screen. When you trade, the balance is updated in real time.

Normally there is a facility on the secure web site to set up details of your bank account. Having done this once, you can withdraw funds whenever you wish with just a few clicks of your mouse.

That is all there is to it. Following these few simple steps sets you up with a brokerage account providing access to markets throughout the world, with software facilities which were once the exclusive province of large investment houses.

Now you are ready to start playing the trading game!

David Bennett is an independent Futures Trader. He lives on the Gold Coast of Australia, trading financial and grains futures contracts in Chicago.

Visit http://12oclocktrades.com for more articles.

Time.com - You can't trust the SEC, so here's how to spot a Ponzi all by yourself.

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Automatic Forex Trading Software - Why Should You Get One?

2009-03-04T16:53:00.001-08:00

The Forex market is the biggest market on the planet. Each day over 2 trillion dollars exchange hands in this market which operates around the clock without any breaks. It is also a highly volatile market in which even the slightest shift can mean a huge profit or loss.

Since the Forex market is so volatile and complex, it is nearly impossible to keep track of it without the help of a dedicated Forex trading software. You simply cannot compete against the other traders which have them. That's why 50% of the people lose all their money on this market while only a few become rich: the rich let softwares do much of the work for them.

An automatic Forex trading software is really a must in order to succeed in this market because it can do the following things for you:

Recognize trends and act on them quickly
Work around the clock trading for you even while you sleep
Make split second decisions much faster than any human can
Analyze the various markets around the world and quickly shift your money around to make the maximum profit
Beat other traders to the best deals by being able to spot opportunities automatically
Trade in several markets together
Shorten your learning curve so that even if you're a novice, you'd still be making a lot of money.

But the best reason to get your hands on an automated Forex trading software is that it can make much more money for you because it works on sound mathematical models and doesn't make stupid mistakes which every person does. Every financial institution in the world has trading softwares. Now, there are at least 2 excellent softwares you can work with from your home and still make very big profits.

I truly believe that trading without an automatic Forex trading software is a mistake which can lead to losses. Get a trading software, see how it works, and then start making money with it.

To read more about Forex trading softwares, click here: Automatic Forex Trading Software. John Drummond works from home. He writes often on business, trading, and finances. There is more than one forex trading software. To read John Drummond's review of the 2 best ones, click here: Automatic Currency Trading Software.

AP - A Republican lawmaker is accusing the former chief executive of mortgage finance company Fannie Mae of being dishonest in testimony before Congress about discounts he received on his home loan.

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Supreme Tactics For Currency Trading

2009-02-28T18:40:00.001-08:00

I wanted to take the time to share with you some supreme tactics for currency trading. This is a great business to get involved in because there is a huge potential to profit from home. Think of all the expenses that are associated with your job. Think of all that money you spend on gas and the time you spend in traffic each day. Currency trading allows you to work from without having to worry about that stuff.

Be a man and let it go: You're going to have bad trades. Some are going to be worse than others. Some will leave you cursing the market and others will have you cursing yourself. You need to learn to let it go. The second your trade ends, so should your thoughts about it. A lot of people just can't let it ago and they become full of emotion. This leads to them making even more bad trades. This makes it a snowball of lost profits. Just learn to let it go and move on. It will serve you well.
Technicals are greater than emotions: You need to look at currencies and their technical information to make decisions. I know deep inside your stomach, you'll just get these feelings. It will just feel right to buy in no matter what the technicals say. This is very dangerous thinking. Typically, when you get these gut feelings, your emotions are associating something that worked out successful before, but rarely is it based on technicals.

The 10 Minute Forex Wealth Builder will help automate your trading and increase your profits with as little as 10 minutes of your time. Check out the 10 Minute Forex Wealth Builder Review.

AFP - Troubled US mortgage finance giant Fannie Mae said Thursday it lost almost 60 billion dollars last year and expected to suffer more losses in 2009, and asked for a further 15.2 billion dollars in government aid.

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F X Trading Tips

2009-02-23T16:58:00.001-08:00

F X trading or foreign exchange trading is a great place to earn a second income. I'm going to share with you some of my favorite tips that I have used to help me generate a good amount of quality trades that have let me make a decent sum of profit.

Select The Right Broker For You: There are hundreds of brokers that you can use, both online and offline. Since there is an abundance of choice, this can be a difficult task. You face one particular challenge that comes with the internet and that is determining the quality of a broker business. Anyone can put up a website on the internet. You don't know if this is a large reputable business or someone running this out of their parents basement. The best place I've found to get unbiased views on brokers are at forex forums. These can be easily found with any search engine. Traders get together and talk with each other. Often the most hotly talked about topics are brokers. You'll hear everything, from the good, bad and ugly.
The News Has Free Information: Have you ever wanted a mentor to tell you what is going to happen in the market, well, you won't really get that advice for free, but the news is the next best thing. It won't tell you what will happen in the currency market, but it will give you economic news that you can figure out how it will affect the currency market. Most economic news is released at scheduled times, typically in the morning. Basically, if the news is "good" and good for the economy it is good for currency. If it is "bad" and bad for the economy, it is bad for currency.
High Volume Times: The best time to trade is during the high volume times. There is on simple reason for this: no manipulation. Since so many people are trading and there is so much money moving around, you won't see a big bank make monster trades that can cause currencies to go in a completely different direction. Everything typically moves with market forces at this time.

I'm currently giving a 7 day free forex course. Newbies and experienced are all welcome. If you're interested in participating, check out the Casual Forex Trader.

Reuters - There was a time when a tumble below $10 in the share price of a company in the Dow Jones industrial average (.DJI) meant ignominy.

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Another Forex Autopilot Trading System?

2009-02-20T17:40:00.000-08:00

Are you trading forex and having issues with making the best pips possible? How much time have you spent doing technical analysis or lamenting over making bad trades that are draining your Forex Account, and the second mortgage you just took out for just trading forex?

Sounds like you are in a dilemma! You hear from all over the place that Forex is the rage, and that Forex is ripe with over Three Trillion in Liquidity and that there is plenty for the taking. Who in the hell told you that? Some late night infomercial wanting to rob you thousands of dollars just to tell you the same thing someone on a forum could tell you?

Yeah, unfortunately, just like with business and life, forex does have a failure rate. Except Forex trading has a very steep 95% failure rate for new traders! Why do so many traders fail? Well, for one, they don't feel like spending 10 hours a day investigating the different currency pair charts and doing the exhaustive calculations to see where a likely entry/exit point is going to occur. Another reason, is because there is so much to learn, and so little time. Being the case where some traders have family and friends, and a life, and even a full time job, Forex trading is just not going to work out for them.

Don't fret, as there is a new way to trade the ever growing currency trading markets. Trade with an automated system! Automated Systems are not exactly a new wave of culture in the Forex end of trading, but have been around for quite some time. Almost all trading systems started out as a private system, making their owners very wealthy. Some of these systems the owners have decided to sell to the general public.

One system, the Forex Backlash system works by pinpointing the price action in the Forex Market, and calculates the previous actions and historical data to make a decision: Should I trade or not trade? Now, the automated trading system trades for you and doesn't even need any level of human intervention. The autopilot systems make it easier for the trader, as now, you can spend lost time with family, friends, and have a life. You can have a day job and not need to do life consuming amounts of technical analysis.

Want to see detailed results? click http://www.forexbacklash.info/

AP - You're struggling to make ends meet, but each month you manage to scrape together your mortgage payment, if just barely. Are there any programs out there that might help you lower your payments to something a little more affordable?

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Beginners Forex Trading

2009-02-15T22:57:00.001-08:00

Although forex trading can be lucrative and fun, keep in mind it is highly competitive and risky. If one wishes to join in the fun, it's a must to have at least some basic forex trading knowledge even if it's a beginners forex trading primer.

To get the different aspects of trading, a beginners forex trading course would surely benefit. You would learn the basics including trading concepts, terminology and the necessary processes to build your skills and confidence as you step out into the forex trading marketplace for the first time. Good training looks wisely at the size of the forex market and the volume of trading to ensure that the beginners forex trading experience prepares one to think on his toes and to be able to make quick decisions.

There are certain fundamentals that the new trader should learn, such as the different orders that are placed in buying and selling, bids, margins, rollover and leverage. Also, beginners to forex trading need to appreciate the psychology of trading and the importance of stress management. Included with stress management, are risk management, discipline and patience, to name a few. To gain a sound understanding of technical and fundamental analysis, to master the skills of drawing up and reading forex charts, these are paramount on the road to success.

Beginners forex trading can be challenging. Therefore, it is extremely important to gain knowledge into the background of the forex market by studying its history so that a strategy for trading can be established into todays market.

Fortunately, there are many different ways to study forex trading in today's world and the new trader has several choices, but whichever method you choose, make sure it is the correct one for you personally.

The starting point for some could be a beginners forex trading book as it is fairly inexpensive and can aid greatly in deciding whether forex trading is right for you. Keep in mind that you will want to have some type of interactive training before you begin trading with real cash, which means attending either forex classes or seminars, or more conveniently choosing one of the various online forex courses.

Deciding on which forex course to take will be an investment that will pay off big and well worth it in the end. Not all training courses are the same, so shop around before making a decision. There are many free online trading courses as well, so look carefully.

The world of foreign currency trading is truly exciting, profitable and fun, especially so, now that is open to beginners in forex trading who only have small capital. However, do not be fooled by the excitement - you must prepare yourself and get your training first. After all, practice makes perfect.

Learn well - have fun!

The-ForexEdge offers a broad range of tools for Beginners Forex Trading, including how to open a risk free Online Forex Trading practice account.

Reuters - With Wall Street veering close to the November bear market lows, the market is likely to be awash with caution next week as investors look for clarity on how the government plans to shore up banks, housing and the economy.

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Where Can I Find Good Penny Stocks to Invest In?

2009-02-12T14:08:00.001-08:00

I had always been impressed with the tales I had heard about amateur investors somehow being able to pick the right stocks to invest in and grow their portfolios. In fact I was sick of hearing about friends picking killer stocks that rose 20% or 30% overnight making them huge amounts of profit.

This was a real problem for me until I discovered that their success was not really about their due diligence, any special research techniques or even the newspapers they were reading. What I did to turn my investing around was to use an automated stock picking software service to do the hard work for me.

I want to reveal this invaluable service to you right now. If you are looking to make some healthy returns from stocks then this could be the most informative article you read because the information I am about to disclose has the power to dramatically improve you wealth.

I used to spend hours and hours each week pouring over the financial press and the Internet researching potential stocks to invest in. I was using a combination of fundamental analysis (looking at the companys profits and balance sheet) and technical analysis (looking at price movement trends) and felt I was fairly competent with both despite my lack of results. Occasionally I would pick a winning stock however I would also pick bad ones and I never managed to significantly grow my portfolio of stocks.

What I found really difficult was when I did buy in to a good stock I did not know when to sell. I often found myself sitting on a 10% gain only to see it eroded away over the next few weeks. In a similar vain I was unsure when to buy in to a stock I thought offered value. All too often I would 'miss the boat' and spend my time working out how much money I would have made had I bought the stock.

I was introduced to the service by a close friend that worked in one of the large investment banks. He told me that for some years now the big banks have been using computers to select their trades. The benefit being the huge computational power they offer. He showed me the service and more importantly the profit and loss on his trading account. My trading has gone from strength to strength since that moment.

Now I use a automated stock picking service all of the hard work is done for me. I receive a weekly newsletter with my picks in. I then do some high level research to get some more background on the companies then simply invest when the suggested buy price is reached and sell at the proposed sell price. By doing this and spending just 2 hours per week on my trading I make roughly $5,000 per month more than I did when I was spending 15 hours per week researching the market by myself.

You too can use this stock picking system to your advantage. The service that I use to direct my stock investments can be found at this website: http://www.frogfinance.com/investing/investing_tools.php

This service has helped earn me thousands of dollars and has helped to change my life by helping me plan for my retirement as well as indulging in some luxuries now!

AFP - The White House on Wednesday defended the Treasury's plan to inject up to two trillion dollars into the economy to rescue the crippled US financial system, after a sharply negative reaction on stock markets.

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Forex Trading - Predicting Forex Prices in Advance For Greater Profits

2009-02-09T14:40:00.001-08:00

The aim of many new forex traders is to predict market movement in advance and get better market timing and therefore increased profits. Let's look at how to make money predicting forex prices.

You can win at forex trading but keep one point in mind - you wont do it predicting forex prices because this is simply another word for hoping and guessing and you don't get rewarded for that and your predictions will end up as accurate as your horoscope.

You will here many people say you can predict and they have a scientific theory well if they did they wouldn't sell it to you so forget all the far out theories like Elliot wave and Fibonacci and see forex markets for what they are an odds based game where you need to trade the truth.

I was a newsletter once called trade the truth and the name stuck with me and simply means, trade the reality and what you see on a froex chart, not what you think it might be.

By trading the reality, you will get the odds on your side and a simple way to do this is with a breakout system.

With a forex trading system based on breakouts, you simply execute your trading signals on breaks of chart market highs or lows and its fact most major trends start from these.

Don't try to buy low or sell high or look for perfect market timing you will be predicting again and will lose.

Anyone can use breakouts and make money. The methodology is easy to understand, easy to learn and if you base your forex trading strategy on it you will be trading the truth and will have the odds on your side.

Sure you wont buy market tops and bottoms but you can't do this anyway so don't try!

The real aim of forex trading is to make money, so learn to trade the breakouts and you can be making big profits in 30 minutes, or less per day and enjoying forex trading success.

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For free 2 x trading Pdf's, with 50 of pages of essential info and how to Win at Forex visit our website at: http://www.learncurrencytradingonline.com.

Reuters - General Motors Corp's product chief and Vice Chairman Bob Lutz will retire at the end of the year, bringing to a close a legendary automotive career that spanned 46 years and included top jobs at all three Detroit automakers.

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Forex Day Trading - A 100% Way to Lose Your Money Here's Why

2009-02-06T16:33:00.001-08:00

Forex day trading is popular but it's one of the best ways to lose your money. Try and find a day trader with a track record of real gains (not a simulation in hindsight) and you won't find one. Why? Because:

It doesn't work.

You will see numerous e-books and forex trading systems advertised all with great copy and a track record - but check the track record disclaimer and you will see that there all done in hindsight.

Here is a standard CFTC disclaimer:

"Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those show".

Well could you make a profit knowing the closing prices?

Of course you could and so could a child.

The reality though is we don't have the benefit of trading backwards when we trade forex, we have to trade not knowing the prices and that's a little more difficult.

So why doesn't forex day trading work?

Quite simply - all short term volatility is random.

Because of this, support and resistance levels are meaningless and you can never get the odds on your side.

If you think about this its common sense - you have millions of traders all trading with different viewpoints and methods and to say that you can predict what they will do in a few hours, or a day session is ridiculous.

So why are forex day trading systems so popular?

There mostly promoted by marketing companies NOT traders - it makes a good story but so to does Harry Potter but that's all it is a story.

Forex day trading appeals to lazy or naive traders, who think forex trading is simply a walk in the park - no effort required, spend a few hundred bucks and get rich!

Well forex trading is not that easy and you wouldn't expect it to be with the huge rewards that can be made.

If you want to trade successfully then you need to get the odds on your side and that means trading longer term meaningful data - not random data where you may as well flip a coin.

Trading success is based upon a logical method that takes into account the odds.

To be successful in life (not just forex trading) accept the fact that no one else will make you rich. Sure you can take advice - but never follow anyone blindly, you need to understand what you are doing and make sure you are trading the odds!

If you don't, you won't have confidence. If you don't have that, you will never make money, as you won't have the discipline to follow your method through inevitable losing periods, to achieve long term currency trading success.

So the next time you see a day trading system with a simulated track record - think twice before investing in it.

If it has a real time track record over a few years of profits by all means consider it - but if you find one let me know, I have been looking for 25 years and not found one!

If you want trade successfully forget forex day trading, trade the odds and that means using longer term data.

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Reuters - General Electric Co will evaluate its planned second-half dividend in light of the slumping global economy, the U.S. conglomerate said on Friday, leaving open the possibility of a cut in the payout.

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Forex Trading For Beginners - 10 Mistakes Which Will Slash Your Profits

2009-02-05T14:34:00.001-08:00

Forex trading for beginners is straightforward if you have the right mindset and get the right forex education however, you must avoid the mistakes enclosed which will slash or even worse wipe out your equity...

Here are the 10 most common mistakes in no particular order of importance - there all important.

1. Don't Day Trade or Scalp

All short term volatility is random, you can't measure what millions of traders will do in a few hours so don't try.

2. Avoid Most Forex Robots

I see these forex trading systems all the time and they all claim great profits but the track records are all simulated in hindsight and have never been traded.

If you trade one of these you can kiss goodbye to your equity.

3. Don't Predict

If you predict you are simply hoping and guessing and that won't get you far in currency trading or life - trade confirmation and the reality of change and don't guess.

4. Markets do Not Move to Science

Many people claim they do and follow the methods of Gann, Elliot and Fibonacci but they don't work.

If markets moved to a scientific theory, we would all know the price in advance and there would be no market - common sense yet, many traders fall for this ridiculous idea, don't join them.

5. The harder you Work the More You Make

In a normal job yes, in forex markets no.

You get paid for being right with your forex trading signal and that can take you ten minutes or ten hours - you earn your rewards for results.

Work smart not hard.

6. Following expert Opinion and News Stories

The markets are a discounting mechanism and news is discounted instantly, it also reflects the greed and fear of the crowd who lose. Will Rogers once said:

"I only believe what I read in the papers"

He was joking of course - but it's surprising how many people follow the news and try and trade it - don't do it!

If you do, you will end up losing.

Markets move on trader's view of news and their emotions. The facts are unimportant its how they are perceived that determines the course of events.

7. Using a complicated method

10 indicators are better than 2 - dead wrong.

A complicated forex trading strategy , will not as a general rule beat a simple one as it has to many elements to break.

Simple systems have and always work best, as they are more robust.

8. Making Money in Demo Account Means You Will Make Money for Real

No, a demo account helps you learn how to trade not to make money and you need to understand this:

There is no pressure on you and therefore it's not a real trading experience.

9. Not Being Patient

Many traders think the more they trade the more they will make - wrong. You get paid as we said earlier on for being right and that means waiting for the high odds trades.

I know traders who trade around 10 times a year and make 200% or more.

If you want fun and excitement do something else. If you want to make money, being patient is a key element to learn in your forex education.

10. Snatching Profits to Soon

When you first start trading, you will be tempted to snatch profits - but look at a forex chart - the big trends last for months weeks and years.

if you have the courage to hold them and take short term equity swings against you, you will be well rewarded when the trade is finally closed with a thumping profit.

Traders have more problems holding profits than they do cutting losses, don't make this mistake.

Now here is the major problem that causes most losers to lose - I will ask you the question:

What's your trading edge defined? i.e. why will you win, when the vast majority 95% of traders lose?

What's Your Edge?

Don't know what your trading edge is?

You don't have one and will lose and it's back to your forex education until you do.

We hope you found our forex trading for beginners of use and that you will avoid them in your forex trading strategy and enjoy currency trading success.

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Reuters - A team from the U.S. Securities and Exchange Commission (SEC) is in India to meet the new board of fraud-hit outsourcer Satyam Computer Services on Thursday, the Times of India paper said, citing sources.

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Everything You Need To Know About Online Stock Trading

2009-02-02T19:02:00.001-08:00

Do you know that there are 800,000 millionaires in North America and 98%of them increase or create their wealth by investing in the Stock Market? And the most intriguing part of the information is that 80% of these millionaires started investing with almost nothing.

Whatever profession you are in, whether you are in service, are a housewife bringing up kids, doing any business, you must know that billions of dollars are being made daily through online stock trading in the markets of the USA and the world. This gives you a chance to put some of this money in your pocket.

You too can join this exclusive league of millionaires only if you have (some) money to invest, earning mindset and the ability to learn and adopt the money making methods of online stock trading and investment decisions to increase your personal wealth.

Choosing the right options in online trading can find you the treasures beyond your wildest dreams and help you live the freest life ever.

The first and the most important step in making money through online stock trading is to educate yourself and acquire an in-depth knowledge of the subject that will not take you weeks to get through. Self education means investing in your personal resources. You are creating an independent and life-long resource for successful online stock trading.

Education will familiarize you with the basics of stock trading and empower you with some smart trading tricks and tips which will enable you to outsmart your competitors.

Education in stock trading enables you to understand the rules and laws of investing, the psychological dilemmas that often afflict the traders. You get a general knowledge of economics and how it influences the stock market. Education in stock trading will help you to remain out of the 80% of investors who lose their investment right from the beginning of the stock trading. If you want to be one of the chosen few comprising of 20% successful stock traders, you must educate yourself so that you understand the value of discipline, judgment and the art of online trading.

Learn the Basics of Stock Trading

You may have come across two terms, investing in stocks and trading in stocks. The two terms may appear same, but are not. You put your money both in stock investing and stock trading. Both ways are investments. You must, however, understand that investing money in stocks denotes long term investment, but investing your money in trading denotes short term investment. You invest the money in buying stock when the market opens and get it back with profit or loss by selling off your shares before the market closes. This is called stock trading.

A trader will make fast movements in and out of stocks during the course of a day, whereas an investor is in for a long haul. He is more interested in consistent growth and will wait patiently over a long term. As an intelligent investor in stocks, you must distinguish between the two goals. You should keep separate the stocks that you trade and those you invest in. While you are trading, you are interested only in making fast bucks. You are not interested in the stock itself. That means when the value of the stock is rising or falling, you sell it off, of course, at the right moment and reinvest your profits in next trade. In case of long term investment, you almost love your stock and understand its long term potential. You understand that the value of the stock may rise and fall several times over the term you hold it in your portfolio and you remain patient.

Internet has revolutionized every aspect of our life and business. It has facilitated trading in stocks online. A click of the mouse can fill up your coffers and even empty them. So you must learn the tools for online trading provided by your brokerage firm on its website. If you learn to use the online trading tools intelligently, making money online becomes a child's play.

The next logical step is to choose your stock broker. Low brokerage commission is an important factor while settling for your broker especially when you are a day trader, a heavy trader or even a casual investor. But low commissions should not be the only guiding principle in selecting your broker. There may be several other issues like the speed of order execution, ability to contact the real broker when the need arises or customer service that play an important role in selecting a stock broker.

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Sogotrade Interest Rates and Fees: trading stock options

AP - Wall Street is bracing for yet more reminders this week that the economy is in rotten shape. Companies from networking-gear maker Cisco Systems Inc. to media giant Time Warner Inc. are set to report quarterly results, while a steady stream of economic readings is also due. The most recent numbers from companies and the government haven't been roundly awful, but most have. That is stirring fears the economy's slide isn't slowing.

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5 Tips on How to Become Wealthy Trading Forex

2009-01-28T16:43:00.001-08:00

Let 's look at 5 things to avoid if you want to make consistent money with Forex.

Let's start with 5 common errors you should avoid.

1. Stay away from day trading the market. With all the volatility and numerous outside influences, it is a losing proposition to get involved in day trading.

2. Avoid guess work. Trying to predict what is going to happen on the Forex market is difficult at best. The trader that falls into this trap will eventually come back to bite you because trading currency simply cannot be guessed.

3. Don't trade with money you cannot afford to lose. Trading with money that should be allocated on your personal budget elsewhere is plain unsmart. Traders do dumb things when they panic and trading with money you really don't have causes panic.

4. Do not try to buy a currency low and sell it high. This may work in the equity market but with currency trading it is not the way to go. It translates into having to predict again where highs or lows will form.

The truth is many major market moves begin from new market highs not lows. The best way to do it is buying the breaks as the chances are more in your corner and you often see large trends come up if, the breakout is from a genuine resistance level.

5. Do not trade without help. You should start off trading Forex with a practice account.

Most importantly, get a really good, reliable software program that is tested and has proven results.

Get an Objective Review of the Most Popular Forex Trading Software Programs. Forex Trading System Review is the place to visit.

See What Forex Trading Software REALLY Works! forex-trading-system-review.com is the place to visit.

Reuters - The Federal Reserve on Wednesday inched closer to buying U.S. government bonds in a new front in its fight against the credit crisis and signaled unease over the risk of deflation with the economy weakening.

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Day Trading - What's it Really All About? Choices That Lead to Stellar Success and Unlimited Wealth

2009-01-23T15:46:00.001-08:00

There's an old Buddhist saying, As within, So without.

You may think its all about the charts, the fundamentals, your system and the unprecedented world economy, but haven't there been times when you sensed there was something more to it?

Me too. Being tuned in to all that is what separates the super traders from the guys who are second mortgaging their home hoping to make a come back.

Aside from the obvious, not putting too great a percentage of your overall nugget in any one trade, how does one keep the emotional element out of decision-making? Is this emotional element the same thing as your gut feeling? It's easy to confuse the two and it's well worth learning to discern the difference.

Keeping notes is critical, but not just about the numbers. Taking time to notice your own patterns is invaluable in the long run if there is to be a long run.

Over-confidence can be just as deadly as under-confidence. And playing when you really don't have the juice to, but feel like you need to can also have its consequences,

There really aren't a lot of women out there trading, not relatively, so for a long time I thought it was only because I had focused on my inner work for so long that I was naturally using my trades as way of flushing out my deeper issues---resistance to having more than enough or the compulsion to keep trading when I had already done well enough for the time being.

But then I attended one of those weekend workshops with the best of the best. And on the very first day my trading coach said, the market is mirror---a stark mirror.

That, to me, was worth the price of admission!

At http://www.stressfreepersonalfinance.com we specialize in inspiring tools to set you financially free. Plus there's free articles and audio to continually inspire you on your path towards financial freedom, radiant health and healthy, fulfilling relationships, because when you have enough money you can easily have all that!

While you're there be sure to download the FREE special report, "The 7 Affirmations That Took Me From $10,000/Year to $10,000/Month and the Powerful Techniques I Used to Synchronize Them with My Body & Mind" when you sign up for our free inspirational newsletter, Pathway2Abundance @ http://www.Pathway2Abundance.com

Reuters - Pfizer Inc , the world's largest drugmaker, is in talks to buy Wyeth in a deal possibly valued at more than $60 billion, sources familiar with the situation said on Friday.

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Daytrading Courses

2009-01-16T18:39:00.001-08:00

Daytrading courses don't need to be taken in a traditional brick-and-mortar classroom setting with a professor and students. You can enroll in an independent home-study course. Or you can even take courses online via the Internet at your own pace. The important thing is that you get yourself properly educated in daytrading before you venture out and start risking your capital.

Daytrading is fraught with inherent risk due to the volatile nature of the game. You literally have to buy and sell multiple stocks within as short of a time span as possible in order to realize instant, short-term profits. Professional daytraders who do this for a full time living have a limited amount of seed capital that must be put in and pulled out quickly, whether a stock performs well or whether it tanks. The objective of the game is typically to pay the bills. Your grocery, your mortgage, and your car payments are all riding on your daytrading savvy.

Of course the same risk exists even if you are not dependent on daytrading as your sole source of income. But the point of the matter is that daytrading courses are a vital prerequisite for anyone who is serious about making quick profits by investing in the market.

It would be very unwise to shortchange yourself by believing that you can do fine on your own and that you would "learn on the fly" without a proper education. Even seasoned investors are not above the need for some financial education. After all, even as you become more experienced, you still want to learn new strategies and tips for investing, realizing a greater return on investment, and learning how you can improve your profit margins.

Of course the most common excuse that people have is that they are unwilling to spend the money on daytrading courses. Yet we are willing to spend tens of thousands if not over one hundred thousand dollars on a college education, only to wind up in a dead-end career, which will inevitably lead you to want to learn how to become a daytrader anyway! So might as well take the shortcut and get your education in daytrading now! The education will pay for itself many times over, due to the limitless income potential. How many careers other than daytrading could you argue, that offer you a limitless income potential in exchange for your taking a few training courses?

Do you have what it takes to become a professional day trader

AP - President elect-Barack Obama's choice to head the Securities and Exchange Commission promised Thursday to revitalize the embattled agency's enforcement efforts and bring other changes to bolster investor protection.

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Electronic Currency Trading - an Opportunity For Wealth For All

2009-01-11T01:34:00.001-08:00

Electronic currency trading has bought the vast potential of this market to anyone with an internet connection and a computer and some small seed capital. Here we will look at how anyone can learn to trade currencies and enjoy success if they follow some basic guidelines.

The first point to make is that over 95% of traders who try electronic currency trading lose their money and the reason is they either get the wrong education or do not have the mindset for success. So what do you have to do to be successful?

First let's take a look at the advantages trading currency online gives you and here are just a few.

- Anyone can learn currency trading and succeed - no special education is required

- You only need an internet connection and some seed capital

- You can trade for big profit opportunities every day

- There is never a recession, as one currency rises another must fall and vice versa

- You can trade in around 30 minutes a day or less

- You can leverage your investment by 200:1 or more!

As you can see there are many advantages of currency trading but you need to know how to use them and use them wisely especially leverage. Leverage is the key to big gains but it also wipes out more trading accounts than any other factor.

Leverage is simply the ability to invest more than you have in your trading account. If you have $500.00 in your account and leverage by 200:1, you have the potential to trade $100,000!

Be Careful With Leverage

The reason most traders lose is they don't understand how to use leverage. While 200:1 is tempting to use, on small accounts it leads to a swift wipe out of equity. If you have a small account 20:1 is plenty to use.

Be Patient

The other point to keep in mind with electronic currency trading is that while there are opportunities to trade each day, you only want to trade highs odds trades and this means being patient and trading infrequently.

Another reason novice traders lose is they simply trade too much and trade low odds scenarios.

If you want to make money at electronic currency trading, trade high odds set ups and they come around only every few weeks but remember you don't get rewarded for trading often, you get rewarded for being right.

I know traders who trade less than 20 times a year yet make triple digit gains and you can to!

Discipline is the Key

The key to currency trading profits is to have a robust simple currency trading system you have confidence in and can apply with discipline.

You must be able to apply your system with discipline through losing periods, until you hit a home run (which you will if your system is based on sound logic), in currency trading you have to lose to win and not lose discipline.

The Road to Currency Trading Success

Currency trading looks easy but of course appearances can be deceptive and while anyone can learn to trade currencies, you need to get the right forex education and mindset and apply your trading system with confidence and discipline.

Electronic currency trading, if you prepare yourself correctly can be the gateway to a lucrative second or even a life changing income. Its exciting, its fun and if you put in a bit of effort, you can enjoy currency trading success.

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Reuters - An estimated 1.3 million car workers and retirees could see their pensions cut if one or more of the U.S. automakers collapse, the head of the government agency that protects Americans' pensions warned on Friday.

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Lifestyle Of Traders

2009-01-09T18:50:00.001-08:00

Trading can be a very active lifestyle. Whereas day traders spend hours every day in front of a computer monitor scalping small movements in price, the active trader does have a "rich" lifestyle both in money and time.

Lifestyle Depends Upon Trading Style

Professional traders usually make their income from scalping short tick charts, day trading from open to close, or swing trading over a matter of days or weeks. The trading style differs with the lifestyle. Scalpers can profit heavily in just a few hours to have the rest of the day to relax and read up on the markets. Day traders benefit from taking positions when they want through the course of the week, often taking full days off at a time. A swing trader has the luxury of placing few trades every few weeks, allowing for plenty of down time.

Improving Your Trading Skills During Your Down Time

Many traders use their down time to participate in trading seminars to meet new people in the financial world. Trading for the big firms is all about whom you know, and indeed, getting involved in the trading community is the only way to work your way to the top of the trading world. For the smaller investor, time may be better spent on an online home study course to further their trading potential.

Skill-building activities, such as looking at old charts, reviewing failed trades, or sharpening your trend line drawing skills, are a great way to spend the surplus of time trading provides. Developing a trading plan planner is another good way to spend the extra time, as a complete trading plan will give you the confidence to trade, even when the market goes against you.

Trading isn't just about investing in the markets, but also in your own ability to trade. Locking in consistent profits means more time off and more time to review your trading plan. Bettering yourself at your own job means less time studying and more time off, while bringing in consistent profits.

Earning a Relaxed Lifestyle

To the person on the outside, the financial district appears to be "stressed out" people huddled around computer monitors for the bulk of the day. For many people on the inside, trading provides a profitable career and a relaxed atmosphere. For the home trader, a job as a day trader provides a luxurious income and the chance to be your own boss. The ability to take off work whenever you want easily trumps the consistency of a 9-5.

About the Author:
Leroy Rushing is an active, professional day trader trading coach and author. He is the Founder and CEO of Trading EveryDay, a distinguished provider of educational trading products and services that are available worldwide. Trading EveryDay also has many articles with unique perspectives on day trading.

Reuters - The unemployment rate surged to the highest in nearly 16 years last month as a deepening year-long recession forced companies to axe more than half a million jobs, government data showed on Friday.

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Best Foreign Exchange Trading Tips And Strategies

2009-01-08T18:00:00.001-08:00

I'm here to help you find the best foreign exchange trading tips and strategies that you can use on your daily trades to help you be a better trader. This is an exciting market, and for most people, they are new and want to learn as much as they can. I'm here to share a little knowledge with you.

The Point of a Demo: A demo platform (or account) is a way to practice trading without actually having to use your money. It's really just a simulator of the process. Demo accounts won't make you an expert. It isn't designed that way. You will often hear experts claim that demos are a waste of time and that is precisely the reason why. They have a great role for new people though. The first thing is that you get to learn how to use your trading platform. You don't have to worry about making a mistake or pushing the wrong button. If you don't know what something is, push and find out. The second thing is that you can work to develop a routine for yourself. A way to start acting on a regular basis with your platform. Lastly, you can try out some strategies to see how good you are to start with.
You Trade In Pairs: All this means is that a single currency in itself doesn't really have a value. It's value is always with respect to another currency. You have to be aware that when you're looking for a good trade, you may not see one. But if you change what currency you're comparing it against, it could be an excellent buy for you. The Euro compared to the Canadian dollar could be considered a bad trade, but the Euro compared to the USD could be a great buy. Always remember you're viewing things in pairs.
Software: You should get your hands on software like Forex Killer. All the big banks and corporations have software working for them, so you should take advantage of it too. They allow you to automate your trading process. They also have ways of find trends that could be very profitable for you.

I'm currently giving a 7 day free forex training course. Newbies and experienced are all welcome. If you're interested in participating, check out the Casual Forex Trader.

AP - Share prices on the London Stock Exchange closed lower Thursday.

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7 Things You Can Do To Avoid Huge Risks in Forex

2009-01-05T02:36:00.001-08:00

Forex is an extremely difficult market. It has a lot of risks but you can avoid them.

Here are several things you can do in order to avoid huge risks in Forex:

1 - Use a solid and reliable broker. There are a lot of scams with Forex brokers. You need to be extremely careful when you're choosing one. Don't forget to see if they're regulated, not based in 3rd world countries and if they don't trade against you. If you choose a wrong broker, this can means that you can lose all your money, either trading or when sending or withdrawing your funds.

2 - Use a stop loss. There are a lot of strategies and systems out there that don't even use a stop loss. Using a stop loss is essential in Forex. You don't have to insert your stop loss order; it may just be a mental stop loss. This will keep you from having hard losses but also will avoid the fear and greed feelings.

3 - Don't day trade. As you probably know, day trading requires full time attention. This can be very hard in a market like Forex that is open 24 hours a day. Also, waiting for the right trade(s) can be extremely stressful. Remember that even experienced traders don't always make consistent profits day trading Forex. It's better to trade in large time frames.

4 - Use good risk management rules. No matter if you day trading, swing trading or position trading, you need to follow strict money management rules in order to be successful in Forex. My advice is to put no more than 5% of your account in a single trade. This way, you can lose several trades but you'll still have money in your account to get it back.

5 - Use a good risk/reward. Using a good risk/reward will help you make money but also achieve consistency when trading Forex. You should trade with at least 2:1 risk/reward. This means that for every pip you're risking, you're planning to win at least 2 pips. With this risk-reward, you can even lose 50% of the times and still got money in your account. This will help you keep on the game.

6 - Don't trade during news. This is specially targeted for beginners. There are some news releases that make the volatility increase in a matter of minutes, even seconds. If you're on the wrong side of the trade, or if you enter at that moment in the wrong side, this can be catastrophic. This can mean losing part or your entire account.

7 - Keep learning and practicing. You should always keep learning about the Forex market as well as practicing. This will help you become a better trader since you'll learn how to minimize your risks, have consistency and even develop your own strategies.

This article purpose was to show you, in advance, some of the huge risks that you can face when you're trading Forex but also tell you what you can do to minimize or even avoid them.

John Baker is an editor at http://www.ForexTopTen.com

By visiting the website http://www.forextopten.com you can read forex traders reviews about forex trading systems, trading courses, ebooks, softwares and brokers.

Reuters - The assets of failed U.S. mortgage lender IndyMac are being bought by a group of private equity and hedge fund firms, including Dune Capital Management and J.C. Flowers & Co, which are putting up $1.3 billion in cash.

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Learn Swing Trading If You Do Not Want to Fail in Forex

2008-11-30T13:31:00.001-08:00

I believe some trading styles and systems are more suitable for a beginner trader than others. Swing trading I think one of them. Learning swing trading requires much less effort than say scalping or any day trading technique. Usually a swing trade can take a few days to mature. That's why it is easier to control your emotions when you set up a trade and monitor it on a daily basis looking at it only a few minutes a day. The major benefits of swing trading technique for a beginner trader are as follows.

1. Fewer trades - less spreads.

If you compare swing trading with scalping then the advantage of swing trading is obvious. In scalping there is a lot of emotional pressure when trade needs to be executed in a few minutes. Other than that there is a spread between buy and sell prices. Thus it is better if a trader has fewer trades and a large profit target. Fore example if a spread is 3 pips then by entering 10 trades a trader loses 30 pips already. Small profit targets in scalping make it difficult to succeed for a beginner. On the other hand swing trading techniques usually target much larger profit, usually more than 100 pips per trade. You see the difference.

2. Low level of noise on the charts.

If you look at the higher time frame charts like 4 hour or daily charts you will see that a lot of price patterns are easily identifiable. When you switch to the shorter time frames like 15 minutes and 5 minutes charts there is a lot of noise that can prevent you form seeing the right pattern. Random fluctuations are more prominent in shorter time frames. That's why it is easier to trade using the higher time frames and have a trade last for a few days.

3. Emotional control is easier to master.

I noticed from my experience it is easier to control your emotions once you set a trade with stop-loss and take-profit orders and come back to look how it unfolds only for a few minutes a day. As for any day trading technique you monitor a trade continuously. I think you are familiar with an emotional roller coaster when price goes against your position and goes in favor of it. This kind of emotional pressure quickly wears out your energy and you are more susceptible for making trading errors.

4. Part-time trading

Many people start trading Forex part-time. They are testing this opportunity to see if Forex trading is for them. As I mentioned before swing trading requires only small amount of time to monitor a trade. I personally started with day trading techniques that's why I was amazed by ease when I switched to swing trading systems. Don't get me wrong it does requires time to analyze the market but the time required to monitor the trade itself is minimal.

I even know some traders who started with swing trading techniques. When they decided to become full time traders and switched to day trading techniques they started failing because they were not used to emotional pressure of the day trading. That's why I believe that if you want to become a successful trader you should learn a swing trading strategy first.

Albert Schmidt is a part-time currency trader. After quite a few months of struggle he learned to make consistent profit trading in Forex. Review a swing trading strategy he successfully uses in his trades.

Reuters - U.S. consumers sought bargains on toys, clothes and electronics as holiday shopping kicked off this weekend, but an early rush to stores was slower this year and was not likely to change a weak outlook for the season, analysts said on Sunday.

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2008-11-17T02:17:00.001-08:00

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Reuters - Fidelity Investments, the world's biggest mutual fund company, told employees on Friday it will cut a further 1,700 jobs on top of 1,300 already announced.

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Making Real Money From Forex Trading - Do You Need to Be Trading Full-Time?

2008-11-09T15:02:00.001-08:00

Profitable forex trading is something very few people manage to achieve. In fact it's estimated that 95% of people end up losing money from trading forex. However in this article I'm going to focus on the 5% of people who do manage to become successful forex traders.

A question many people ask themselves is whether they need to be trading full-time in order to make a successful living as a forex trader. Well the short answer, in my opinion, is no. In fact I would actively encourage people not to quit their day jobs in order to take up forex trading full-time.

Why? Well there are several reasons. Firstly you should ideally have a few years trading experience under your belt before you even think about going full-time. In this time you should have demonstrated an ability to generate consistent profits. You may have previously traded on a part-time basis knowing that you had a full-time income coming in from your main job, but nothing can prepare you for the pressures you face when your sole income depends on you making profits from your trading.

This pressure can be extremely intense and can even lead to rash trading decisions being made. For instance after a few losing trades have occurred it's not uncommon for traders to lose their rationality and chase their losses, which nearly always results in disaster.

Another reason why I don't recommend people try their hand at trading full-time is because it is definitely not for everyone. Trading the markets every day from your home computer can be a lonely and sometimes depressing experience. Sure you have forex forums and chatrooms but they are no substitute for real face-to-face interaction.

Finally I just don't think you necessarily need to be at your computer screen all day to make good money from forex trading. There are plenty of sound trading strategies which rely on daily or weekly charts, for instance, that can be traded quite easily using end of day data. All you do is analyse the markets at the end of the session and place your orders for the next day along with your limit and stop loss orders.

I myself consider myself to be a full-time trader yet for most of the day I'm working on my various websites and paying little attention to the markets. That's because my main trading system relies on the 4 hour charts so I only need to check occasionally to see if there are any good set-ups.

In general my advice to people thinking about taking up forex trading full-time is to put all your efforts into finding a solid part-time or longer-term trading strategy. This way you have the safety cushion of a full-time income and yet you can also make substantial gains from forex trading at the same time with a good solid trading strategy.

For reviews of profitable forex trading systems please click here to read about the 10 Minute Forex Wealth Builder and the Blade Forex Strategies.

AP - Argentine stocks fell Wednesday after lawmakers approved a plan to nationalize pension funds. But other Latin American markets made modest gains despite continued concerns about the downturn in the global economy.

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How to Pick a Profitable Forex Trading System

2008-11-05T15:31:00.001-08:00

In the beginning of my trading career I was jumping from one trading system to another as soon as it gave me a few failing trades. I think it's a common thing among beginner traders to change system without even testing it.

Oftentimes I can hear traders argue which system is better or which trading style is more profitable. I believe that it all depends on trader's personality. One has a greater emotional control so he can sit and continuously monitor his trade. Some type of short-term trading strategy will suit him the best. Another trader is more patient. He can wait for his trade to mature for a few days. For this trader long-term trading systems are more relevant.

It is surprising to see that even very successful traders do not realize that a trading style must suit a personal trait of the trader to make him successful. Usually traders advocate their own trading style or system. Anyone who wants to become a successful trader needs to study himself before studying the market to know what is best for him.

Personally I dislike short -term trading suchlike scalping. Besides that it's emotionally challenging for me to watch continuous fluctuation of the market, there is another reason I don't practice scalping.

Scalping is a trading style that targets very few pips per trade. Therefore to make a significant profit one needs to make several trades a day. Brokers nowadays do not charge commissions for trades, but there is a spread. The more trades you execute the more pips in spread you lose. Let's say you scalping a currency pair that has 3 pips spread and you need to make 10 trades a day. By doing so you are already 30 pips behind. It will add up into 150 pips in a week.

A long term trading strategy on the other hand usually targets quite a large profit for a single trade. This style of trading suits me the best. I can analyze the market, set a trade and keep coming back to see how it evolves. No emotional overreaction. No huge number of trades to lose spreads on.

I don't mean to put down any trading style. What I mean is that you are the one who needs to choose what trading style suits you the best. Once you find that out buy studying yourself then success in trading will come easy to you.

Albert Schmidt is a part-time currency trader. After quite a few months of struggle he learned to make consistent profit trading in Forex. Review a trading strategy that he is trading successfully.

Reuters - U.S. President-elect Barack Obama stepped into his new role on Wednesday facing calls for urgent action to stem the global financial crisis as he was hit with gloomy news about U.S. jobs and the service sector.

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The Sad Picture of Day Trading

2008-11-03T15:13:00.001-08:00

There are people who are remarkably successful in day trading but there are a lot more who have to leave the trade with a debt in their accounts. It is a take-it-at-your-own-risk playing field. Thus you should have an idea of the risks you are taking and should know your way out. If not, the only way you could go out of this trade is when you have nothing more to trade.

While it is true that trading appeals to many people, it has its share of sad sides that would-be investors should be aware of:

It is an expensive job

Day trading is a full-time job, it won't allow you two hold two jobs at a time. This is because you have to be always on the look out for any changes in the market that could severely affect your portfolio or bring you the income. This is an extremely complicated job that requires you to acquire technical understanding of how the trade works. You need to invest on a number of things like your risk capital (which you could lose at the end of the day), your professional training, your technical support and for larger day traders, the payments of the firms they are commissioning.

It is not a sure investment

Nothing in this trade comes with a guarantee. Traders will have to wait for the rise and fall of some stocks, ride in the momentum, and hope that they profit from their decisions. But even the rise or the fall of a specific stock is not an assurance that your investment is lucrative, everything changes in this kind of trade and a trader should be able to understand that reality. Every decision is a risk and each risk leads to other risks. If you are not sure if you can handle the uncertainty of this investment, it is in your best interest to first- learn more and second- look for other trades that work for you and invest your money.

It makes you suffer financial losses.

Like all other businesses, this trade may make you deal with severe financial losses. If you open a restaurant, for example, and the restaurant doesn't click in your intended market, you will have to wrap up and accept the deficit in your investment. Or you could be a bit more patient and make some adjustments in your business. The same is true with day trading, only everything is fast forwarded. Anything and everything could happen in a nick of time. You can lose hefty amounts now but you may profit a lot within the next few hours or vice versa.

Miodrag Trajkovic is an expert on information related to Day Trading, Day Trading Systems, Day Trading Strategies, Online Day Trading and Day Trading Websites. For more information visit his website http://daytrading.explore-me.com

Reuters - Viacom Inc (VIAb.N), owner of MTV Networks and Paramount movie studio, reported a 37 percent drop in third-quarter earnings, further evidence that major media companies are suffering from an intensifying advertising slump.

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Amazing Results with Technical Analysis and Option Trading

2008-11-02T15:55:00.001-08:00

The understanding of how to trade options effectively does not typically include the subject of technical analysis. Information like this could be an important addition for the options trader since different market conditions warrant different spreads. In this essay, I will wade through the reasons why a trader would prefer to incorporate this genre of support into their option trading.

More advanced options traders can use the options pricing model to focus on certain elements of risk. But, the market's direction sometimes plays a role in the risk associated to trading certain option spreads. If the trader employs and options spread that uses call options, a bullish move would cause a delta of the call to increase. So, if a trader understands technical analysis he can select the spreads of a perform best under certain market conditions.

There are some advantages that are usually derived by looking for chart patterns when doing the type of technical analysis that the trader needs to perform when trading options. The head and shoulders, wedge and flag patterns typically fall under this heading. Patterns like the Gartley 222 and Elliott Wave can also fall under this heading. This can surely offer an advantage to those involved in option trading. These patterns are helpful because they assist the trader in determining the current mode of the market.

Once a trader understands the current mode or direction of a market they can choose the strategy that will perform best under those conditions. So, a chart that is showing a bullish bias would be better suited for a bull call or bear put spread. However, directionally based debit spreads can lose money if the market does not move much due to the time decay of the options used.

Looking at a price chart in this way can prove very helpful to traders because it helps them to see the area of support and resistance. From among the many option spread candidates that a trader may consider, he can include in his analysis to break even this of the spreads and how they correspond to the areas of support and resistance on the securities price chart.

When learning how to trade options effectively, traders may wish to also understand how they can effectively combine their new knowledge with technical analysis. While this may add a level of complexity to the many topics that traders already consider for their trading, they may find that it helps them in understanding why some trades are more successful than others. Once the trader has acquired this understanding about his results, he can better position himself to trade with more consistency. Finally, the trader has an additional holistic appraisal which enables him to associate option methods with technical aid for his option trading.

Sam Perdue has been actively trading the markets for over 13 years. He has written a computer program that helps traders analyze the stock, Forex, commodities and options markets using Fibonacci ratios, Elliott Wave, option pricing and nonlinear programming algorithms. For more information, please see our option trading software.

Reuters - Boeing Co's 27,000 assembly workers voted to approve the company's four-year contract offer on Saturday, ending a strike that has stopped production at the plane maker's Seattle area plants for 57 days.

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The Main Advantage of an Automated Trading System

2008-10-30T17:57:00.001-07:00

Emotions; I think I could end the article here but let's continue. Manually trading is an emotional ride man, like the first time I sold too early I was pretty angry at myself; I missed out on over $1,200 profit because of my paranoia. I still remember that day, the EUR/USD pair was rising and I bought it low just as it was start to rise and within seconds I saw it kept rising so I sold it and made $200 profit, go me right? Hah, it went up to over $1,200. Was totally lame and it stayed peaked at that level for like 3 days; way to rub it in my face.

If I had an effective trading system I wouldn't have had this problem because my emotions wouldn't have got in the way. Like a lot of their sites say, there's no room for "human error". Let's pretend I'm in the above situation again, this time with a trading system taking care of the work though; not a paranoid pasty white guy. It's not going to sell just seconds after it starts rising; it'll wait until it peaks and if it starts to go back down it'll sell quickly. How do I know this? I'm actively using 3 different trading systems and they all react the same way, some better and faster than others.

How do you find an effective trading system though? Check this home skillet; I have a fool-proof method that I've used for years. First what you do is make sure the trading system has a 60 day money back guarantee (we need AT LEAST this amount of time to evaluate it) then make sure you can use a demo account. A demo account let's you play the trading game with "play money" so you can see if you can profit from the trading system without investing your real cash; like I needed to tell you that.

Use the demo account for 59 days and if you see you can make profit you keep the system and invest your real cash. If there's no profit to be made you get a refund and try another system; see how that works? You have the advantage of actually testing it first, oh its genius!

For reviews of the top three Forex trading systems, including the newly released Forex Tracer, click here: http://forex-tracer.the-perfect-solution.com/

Reuters - Maurice "Hank" Greenberg, the former American International Group Inc chief executive, says the terms and conditions surrounding a government rescue loan are pushing the insurer closer to collapse with each day.

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Forex Funnel, is This the Best Forex Trading Software?

2008-10-28T18:46:00.001-07:00

One of the newest automated trading systems at the moment is Forex Funnel. It has risen in the ranks and is now considered one of the best Forex trading programs around. But how good is it really? Let's take a look...

Forex trading is one of the most complex things to get involved with if you want to make a living online. This is certainly true and this is how it's been for quite some time now. Most people feel anxious about jumping in, and rightfully so!

Recent years have seen the release of software that can automate trading but doesn't cost the bank. Forex Funnel is considered a rival to some of the best Forex trading programs available, that is surprising as it only costs a twentieth the amount that they do!

The way these systems work is by estimating profitable changes in exchange rates between two currencies, most often the Dollar versus the Euro, and then trade on your behalf. Some of the best Forex trading decisions have been made by an automated program.

Forex Funnel was released only a couple of months ago amidst a flurry of hype. I was eager to try it out and so bought it with the same expectations I had when I purchased it's brother, Forex Tracer, almost a year previous. The control panel looked a lot better, a good beginning so far!

From the moment I started a demo account I had a good feeling about it. One of the best Forex trading attributes in an automated trader is speed in signal generation. This little beauty didn't fail in that department.

It only took a day before trading on a real account. $2000 invested brought me $300 profit in only two days! This is a good result and so I continued. After using it for a month I have made $3500 profit from a $5000 investment.

Currency trading is difficult at best, but software like Forex Funnel makes it a lot easier. If you want to exercise the best Forex trading decisions automatically and you don't know a lot about trading, then this is for you. But it always helps to read up on currency trading to get an idea, before you hop right in.

Best Forex Trading is a good place to start for all new traders. Be sure to check out our opinion on Forex Funnel now!

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How a Day Trading Stocks Newsletter Can Help You Succeed

2008-10-27T19:11:00.001-07:00

Education

One of the greatest benefits a good day trading stocks newsletter provides is the chance to learn from experienced professionals. The best day trading stocks newsletter will give you pointers on stock and market analysis, using various trading strategies, and money management, as well as less concrete aspects of trading like the psychological issues involved on both the trader's side and the market's.

Save time

The staff at a day trading stocks newsletter have the time to do in-depth stock analysis and report their findings back to you. After all, if you're honest with yourself, do you really have time to do sufficient research on the stocks your interested in?

Catch trends fast

Turn your back on the market for a moment and things can change fast. While you can't spend every waking moment watching your stocks, as a day trader you need to keep on top of trends if you expect to turn a decent profit. A quality day trading stocks newsletter can not only help you quickly identify tends, but also let you know how those trends may change. Many online newsletters even send out email alerts when a stock's situation is really changing fast.

Protect your trading capital

A good day trading stocks newsletter will give you tips on how to limit risk and keep your trading capital safe from large losses and market drawdowns by using sound stoploss and money management techniques. The quality newsletters offer more than just theory. Many even provide you with exact stop loss levels.

Access the professionals

Many stocks newsletters conduct interviews with top investors and business leaders, quizzing them about their trading and money management strategies. Writers for these newsletters not only have access to such people, but they know exactly which questions to ask to get exactly the information their readers need.

Get specific instructions

If you're relatively new to day trading getting clear, specific instructions on what to buy and sell when can make a huge difference in your profits as well as cut down on a lot of stress. Even if you're already an experienced day trader, though, these instructions can give you valuable insight into the minds of other expert traders. Either way, you're bound to learn a thing or two.

Avoid mistakes

Let's face it, when it comes to day trading, even professional make mistakes. They might be due to technical miscalculations, misjudgments or simple psychological reactions that lead to rash decisions. Checking your decisions against the recommendations in a high quality day trading stocks newsletter let's you see when you might be going astray.

Whether you're just starting out in day trading or you've already got some experience, the guidance available through a good day trading stocks newsletter can increase your profits while making lighter work of research and buy and sell decisions.

Get your Momentum Stock Trading System and sign up for my free Fade the Opening Stock Gaps here at: http://www.daytradeformoney.com

Reuters - Stocks closed at their lowest levels in 5-1/2 years on Monday, extending a global sell-off as worry about the severity of a global recession and the bleak outlook for profits gripped investors.

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Reading Candlestick Charts Like A Professional

2008-10-23T00:03:00.001-07:00

Candlestick patterns are used by each and every kind of trader. Day trading and swing trading utilize candlesticks as a way to read chart patterns quickly and efficiently, while getting the same data offered by bar and HLOC charts. Professional traders love candlesticks because they can be read much quicker than a bar chart, while also allowing a different kind of technical analysis known as candlestick reading.

Modify for Your Style

Your trading style has much to do with whether or not candlesticks can become a part of your everyday trading technique. Developing a trading plan around candlesticks can be difficult, and thus, it is best to use candlesticks to supplement an already complete trading plan. There are many trading seminars put on by professional traders to study the key to candlestick investing and why chart patterns exist.

Candlesticks are just one of many tools to make consistent profits. Just as Japanese traders have used for hundreds of years, candlesticks can show chart patterns before they happen. For example, a large wick with a small downward body at the end indicates indecision, or that the market may be ready for a reversal. It would be hard even for a professional trader to see this without the graphical display that candlesticks give to an investor.

Use Your Own Plan

Investing is difficult enough without the use of candlesticks. Many traders prefer to use their own basic trading plan and then incorporate candlestick chart patterns as a confirmation. The day trader prefers these candlestick chart patterns because scalping and other short term positions have very small windows of opportunity. Candlesticks let you read and comprehend more data in less time.

A complete trading plan should allow for some candlestick patterns and other chart formations. A well worked strategy can handle the addition of a candlestick confirmation, while less complex strategies might not be diverse enough to accompany candlesticks. Many profitable trading strategies use a mix of both, straight technical analysis mixed with candlestick reading to produce consistent profits.

Use a Planner

A trading plan planner will help you throw in a mix of candlesticks without overdoing your strategy with too many variables. For the most part, a candlestick chart is just like a bar chart, but is also its own technical indicator. For instance, a small cross-like candlestick often means the bottom or the top of a chart, thus buying or selling should ensue depending on current momentum.

About the Author:
Leroy Rushing is an active, professional day trader; trading coach; and author. He is the Founder and CEO of Trading EveryDay, a distinguished provider of educational trading products and services that are available worldwide. Trading EveryDay also has many articles with unique perspectives on day trading.

Reuters - Hyundai Motor Co (005380.KS), South Korea's top auto maker, will meet this year's business target, although world auto markets have been hit by weaker demand on the global economic slowdown, a senior official said on Thursday.

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Forex Basics - Forex Trading For Beginners

2008-10-22T00:04:00.001-07:00

New forex traders need active guidance in their endeavour. As a forex newbie, you need to learn the tricks of the trade before venturing into currency trading full-time. In spite of what many websites depicts, one cannot fully depend on an "autopilot software" to do the trading on your behalf. However, automated Expert Advisors (EA) do benefit traders in understanding the market patterns.

There are quite a few websites which allow members to interact with each other and discuss their strategies. One can also attend seminars held by experienced traders. But, what if you could have access to a forex trader forum, e-books and video tutorial, a customized EA and most importantly expert help and analysis twice a day, all available at one location. If you are a forex trader or want to be one, then Forex Brotherhood is one of the best websites that you can join. Membership is not free, but worth it. There is a full 60 days money back guarantee - so you can try the service risk free for 60 days.

Forex Brotherhood is hosted by Mr. Jason Alan Jankovsky, a successful trader with more than two decades of experience. He has authored several trading systems, trained other successful traders and has been published in many industry periodicals. Forex Brotherhood gives you access to twice daily broadcast and reporting. It is like having your very own personal forex coach. Moreover, there is the 'members only' forum where forex traders can exchange ideas and information and help each other. Besides there are other updated literature and video tutorials which are of great help to new forex traders.

For more, read the Forex Brotherhood Review - Is ForexBrotherhood a scam?

The author reviews and examines online business opportunities and scams related to internet marketing, affiliate programs, work at home jobs, etc.. Feel free to contact him at http://www.FreeScamReview.com

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How to Make 15 Pips Per Day Trading Forex

2008-10-20T00:31:00.001-07:00

If you're trading a mini lot account, making just 15 pips per day isn't much. It's only $15 US dollars (more or less). That said, the real power is that you can build up your money. You can compound, and that 15 becomes hundreds . . . and then gets even bigger over time.

So the key is how to make 15 pips per day.

Have you tried trading forex? Not so easy, is it?

I mean, sure, entering a trade is simple. Heck, getting a winning trade isn't hard either. The hard part is in getting winning trades most of the time.

Here's the secret. You can't trade one trade each day and expect to win 15 pips per day. Not going to happen.

Instead what you need to do is to figure out how many pips per month that is. (20 days x 15 pips = 300 pips). So, you need to make 300 pips in a months time.

The best way to go about this is to go after 100 pips at a time. That way, you can lose and win several times, but all you need is 3 more winners than losers, and you've achieved your goal of 15 pips.

Of course, the next question is how to go after those 100 pip trades. Here's what I'd do. Just take the Fibonacci tool that comes with any trading program. Use that to find retracements and trade those.

Fibonacci retracements give you large reward for little risk. You should be able to set up a trade that will risk 25 pips to win 100 pips without difficulty.

Click here for more information.

I've discovered the true secret to success in forex. For a limited time, I've giving away a free copy of a trading system that I sell for $299.99. See why! Gey your free copy here.

Reuters - Oil rose over $2 on Monday and changed hands at $74 on expectations that OPEC could cut output this week to lift prices that have plunged more than 50 percent from a record high in just three months.

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Forex Basics - Essential Elements of a Robust Trading Market

2008-10-17T17:25:00.000-07:00

The foreign exchange market, often referred to as forex market is by far the world largest market. It consists of two major parts: the forex spot (or money) market (spot forex) and the currency futures market. Nowadays, most retail (small, private) traders participate largely in trading spot forex.

There are at least four essential elements which we would like to be present in any solid financial market, be it the stock, bond, futures, currency, or any other market, for that matter. These four elements include: transparency, liquidity, low trading costs, and lasting market trends.

Transparency

A market is said to be transparent when traders have access to accurate information at all stages of the trading process. Information is the key to making rational decisions and is particularly important in business. The world financial markets being venus where business is conducted are no exception here. One can quote many examples, especially in the stock market, of companies or individuals that have run into problems because they were deprived access to accurate information.

The foreign currency exchange market is one of the world most transparent markets, perhaps more than any stock market, which is especially true when it comes to pricing.

Liquidity

Just as there are two sides to any coin, there are also always two sides to any trade: a purchase and a sale, and it is the ease with which traders can buy and sell that is referred to as liquidity. In any truly liquid market, traders should be able to trade in substantial volumes without affecting prices in a significant way. On the other hand, in a market that lacks liquidity, traders are likely to encounter delays in getting their orders filled, which often leads to marked differences between the price at the time the order is placed and when it is executed.

One really good thing about the currency exchange market is that it is extremely liquid. A huge number of trades are executed each day on the Forex money market with trading volumes that exceed those of other financial markets, even combined. The liquidity in question is particularly good when trading occurs in major world currencies such as the USD and GBP.

Low Trading Costs

Trading in any market involves trading costs that are charges imposed by exchanges and brokers facilitating the trading process. Such costs inevitably lower traders' profits. They can also increase his losses. However, when the market trading costs are kept low, the market like that becomes attractive to traders and encourages more trades, which, in turn, leads to greater trading volumes and thus greater liquidity.

The absence of broker commissions and other usual trading costs in currency trading, together with the tight spread of prices, which continues to improve, means that trading costs in the forex market tend to be rather low.

Lasting Market Trends

In any market, it is usually difficult to know just when to enter it and then when to exit it. Because of that, it is good to have some reliable ways of assessing the state of a market as this can be helpful in predicting its direction in future.

In the forex market, as well as in many other financial markets, this is achieved by utilizing various elements of technical analysis that examine the market past performance and identify its trends, which can then be used to predict its future.

Most markets display trends of one kind or another, but in some markets these trends are more clearly defined than in others, making it thus easier for traders to enter and exit the market. The foreign currency market displays particularly strong and lasting trends.

For more information on forex, including a review of an ebook that, in our opinion, is the best introduction to trading in this market please see this page: http://www.eminimethods.com/bird_watching.html

Waldemar Puszkarz, Ph.D., is a web veteran with 15 years of web surfing under his belt. By training, he is a theoretical physicist, but his interests are much broader than science and include trading financial markets, sports betting, poker, and researching online business opportunities. He is also an avid book reader and sports afficionado. Currently he is making his living mostly as a day trader. He has been in the trading trenches for almost a decade during which he has traded a variety of financial instruments. He is the owner and webmaster of Eminimethods.com (http://www.eminimethods.com) which provides free common sense trading education and simple trading systems for e-mini and stock markets as well as reviews of honest online business opportunities in Meet HOBO section of his site.

Reuters - Evidence piled up on Friday that the world is slipping into recession but the White House played down expectations for a weekend meeting between lame-duck U.S. President George W. Bush and European Union leaders.

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2 Ways To Learn Currency Trading

2008-10-16T23:35:00.001-07:00

Trading on the Forex market is a tricky and risky business. There are so many factors that influence the price of one currency in relations to another that it's very difficult to predict where the market will go. Add to that the fact that this is a global market which operates around the clock and sees 3 trillion dollars change hands on and you get a picture as to how complex this market is.

The truth about Currency Trading

The truth is that over 90% of all currency traders lose most if not all of the money they trade within a short time. The market is simply too tough on the little guys. But being a small trader isn't the reason why so many people fail. The reason is that most traders are simply ignorant. They don't know how to trade, how to read market data, and how to increase their chances of predicting where the market is heading.

Learn Currency Trading

The solution is to learn currency trading. It's worth it since the money making possibilities are remarkable. It's easier to make money on the Forex market fast than in any other way. But you need to know what you're doing.

2 Ways To Learn Forex Currency Trading

1. Go to a course - There are many courses which can teach you currency trading. They usually cost a few hundreds or thousands of dollars. This is still worth it because you can earn it all back when you're successful. However, these courses require you to go to class, learn with other people, and they usually spread over a few months.

2. Learn currency trading online - There are many online forex trading courses which can teach you all you need to know and do it at a fraction of what a live course would cost. These courses allow you to learn at your own pace and often contain detailed video tutorials and trading strategies.

Personally, I prefer online courses, but that is entirely up to you.

To read more about an excellent video online course, go to this webpage: Forex Power Strategies

To read more about currency course click here: Currency Trading Courses. John Drummond works from home. He writes often on business, trading, and finances. To read John Drummond's review of the 2 best Forex trading courses, click here: Automatic Forex Trading Software.

AFP - As stock markets sink and fears grow of a global recession, Latin America is banking on gains as well as losses from tourists tightening their purse strings.

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Day Trading Training

2008-10-16T05:19:00.001-07:00

Day trading training is to financial success as a professional day trader as medical school is to a doctor. In fact, no serious endeavor that involves risk and requires skill can be achieved without the proper education, unless you are hell bent on gambling solely on the basis of luck, or on the basis of your "gut instinct".

A solid foundation in day trading education can make the difference between amassing a fortune and incurring massive financial loss.

You may know someone or may have heard stories about people who have given up their day jobs to take up day trading as a full time endeavor. They only work a few hours a week, maybe only a couple of hours a day, doing some research and then programming their buy and sell thresholds, and then letting the market do its thing. These people are making money on autopilot, right?

Successful people always make their achievements look easy to others who are not in the know. But the reality is that success is the outcome of fierce determination, intense study, and a relentless drive to achieve your goals. Day trading is no different.

A truly successful day trader will have read books, attended seminars, enrolled in training classes, watched demonstrations, or enlisted the help of a mentor. Having a mentor who is committed to your success is in fact, one of the most effective ways to become successful. You are following in the footsteps of someone who has blazed the trail to success ahead of you, and he or she is able to guide you and show you the way to your own success.

Never underestimate the importance of a solid foundation in day trading training.

Do you have what it takes to become a professional day trader?

Reuters - Nokia (NOK1V.HE) said on Thursday it will make a one-time payment of 1.7 billion euros ($2.29 billion) to mobile chipmaker Qualcomm as part its patent agreement with the U.S. firm. The top cell phone maker said the payment would be made during the fourth quarter and expensed quarterly over the term of the 15-year agreement that was first announced in July.

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Two Types of Automated Forex Trading Systems

2008-10-14T23:08:00.000-07:00

Forex trading has become more profitable and popular over the years as changes in rules and restrictions have allowed traders from all backgrounds and experiences to get involved in the Forex market. In the past only well known, wealthy, companies and experienced traders were able to take part in the Forex market. Now, anyone with Internet access and an automated Forex trading system can participate in 24 hour financial market trading.

There are two ways that individuals can take advantage of Forex trading and these involve the use of automated Forex trading systems. The first type of automated Forex trading system is a Desktop based platform. The other type of system is an Internet based trading system.

A Desktop based Forex system keeps all of your Forex related information on your computers hard drive. Many new traders find this comforting but the downside of this system is that data can be corrupted by computer viruses. More importantly, information can be lost when a user's computer is damaged or stops working. Two ways to safely use a desk top Forex system is to always use the best virus protection systems available and to back up all files each day.

Internet based systems are conveniently accessible to anyone that has an Internet connection. They are hosted on extremely secure servers and are usually universally compatible with all computer systems. These systems are usually much more affordable than other types of Forex software.

The benefit of these automated systems is that new traders will be able to set up demo accounts and experiment before seriously trading. This demo option also gives experienced traders a chance to determine whether or not the software they have chosen is able to meet their needs and expectations. Whether you are new to Forex trading or an old pro using an automated Forex trading system will help you with future trades.

If you are interested in finding out more about Forex Practice Accounts or Forex Trading feel free to visit Forex Automation.net

Reuters - A pair of top Federal Reserve officials on Tuesday highlighted risks to the U.S. economy from the global credit crisis and liquidity squeeze, but did not hint at more interest rate cuts as a solution.

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FX Currency Trading Tips

2008-10-14T00:32:00.001-07:00

I'm going to give you some of my favorite FX currency trading tips. This is a fun and exciting business, with a lot of new things to learn. It is definitely rewarding to reach the point of being able to work independently from home.

The Federal Reserve(Fed): You need to pay considerable amount of attention to this central bank (and all central banks). The Fed is the central bank in the United States. It plays one specific role in the economy; regulating the supply of money in an economy with the power of bank loans. As an economy grows, money needs to be added to the economy and this would be the entrance point of it. You'll often hear on the news that the Fed has cut interest rates, or raised them. This is your most important news to watch. A cut signifies that it is easier and cheaper for people to get loans. That means more money will be coming into the economy, which should send the currency down. If the interest rate goes up, that means loans are harder and more expensive for people to get, so less money is pushed into the economy, therefore the price should go up.
Simplicity First: It's amazing as human beings, how we can so easily feel the need the complicate simple things. Things in this business aren't quite as difficult and complex as we anticipate. Often keeping a clear mind that views things as simple can make all the difference in becoming successful.
Forex Killer: This is a nice piece of automated software, that you can set up to act, independent of you being there. That makes it very powerful, especially when you're in the middle of a trade. You can't be at the computer all the time watching, but with this software, you can leave knowing the software will make the most profitable move (if it needs to).

The automated software of Forex Killer will give you an immediate edge in the market. Make trades that work for your profit line. For more information on the Forex Killer software, check out Forex Charting Software.

Reuters - U.S. automakers could turn to Congress after the November election to try to expedite $25 billion in government-backed loans, which Detroit manufacturers consider crucial to reversing their steep downward spiral.

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How to Make 15 Pips Per Day Trading Forex

2008-10-13T04:30:00.001-07:00

So the key is how to make 15 pips per day.

Have you tried trading forex? Not so easy, is it?

I mean, sure, entering a trade is simple. Heck, getting a winning trade isn't hard either. The hard part is in getting winning trades most of the time.

Here's the secret. You can't trade one trade each day and expect to win 15 pips per day. Not going to happen.

Instead what you need to do is to figure out how many pips per month that is. (20 days x 15 pips = 300 pips). So, you need to make 300 pips in a months time.

Fibonacci retracements give you large reward for little risk. You should be able to set up a trade that will risk 25 pips to win 100 pips without difficulty.

Click here for more information.

I've discovered the true secret to success in forex. For a limited time, I've giving away a free copy of a trading system that I sell for $299.99. See why! Gey your free copy here.

Reuters - Japan's Mitsubishi UFJ Financial Group is seeking more favorable terms for its plan to buy a stake in Morgan Stanley, a person briefed on the matter said, while newspapers reported that the U.S. government was ready to protect the Japanese investment.

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Benefits of Trading Forex

2008-10-10T21:49:00.001-07:00

Trading the Forex market has several advantages over other financial markets. Amongst the most important are: liquidity, it's a 24hr market, leverage trading (margin), low transaction costs, low minimum investment, specialized trading, you can trade from anywhere and others.

Liquidity - Forex market is by far the most liquid financial market in the world with nearly 2 trillion dollars traded every day according to the Bank of International Settlements.

Why is the liquidity so important to us? Because it helps us in several ways:

- The most important of all is that superior liquidity ensures price stability. With such a big market, there will be always someone willing to buy or sell any currency at the quoted price, making it easy to open and close trades or transactions at any time of the day. However, there are periods of high volatility during which it might be not easy to get a good fill.

- Because of the great amount of liquidity, most of the time we are able to get in and out the market fast with consistent executions. But as any other market, during periods of instability slippage is always a possibility.

- Higher liquidity also makes it hard to manipulate the market in an extended manner. If some of its participants try to manipulate it, the participants would require enormous amounts of money (tens of billions) making it practically impossible.

We see that the UK and US account for around 50% of the total turnover, and as a rule of thumb, the more liquidity the more the market moves. We will talk about this later on.

24hr Market - The Forex market is an around the clock market. This means that you could open or close any position at any time from Sunday 5:00 pm EST (Eastern Standard Time) when New Zealand begins operations to Friday 5:00 pm EST, when San Francisco terminates operations. The main reason for this is that there is no physical location where all transactions take place (OTC).

Brain Feeder - As you can see in the image above, there are 4 hours in which the London and the New York sessions overlap, what could this mean in terms of volume and liquidity?

Leveraged Trading - Forex trading gives much more buying/selling power than many other financial markets. This allows us to control greater transactions with a small margin deposit. Some brokers offer up to 400:1 leverage, meaning that you can control for instance a 100,000 US dollar transaction with just .25% or US$250. This also allows us to keep our risk capital at the minimum.

However, beware as this is a double-edged sword. If the leverage is not properly used, this could also be a disadvantage. The more leverage you use, the more of your account is at risk.

Imagine this scenario: Two traders with the same capital using different leverage:

Trader A: using 400:1 with a US$2,000 trading account

Trader B: using 100:1 with a US$2,000 trading account

If both of them open a standard trade (100,000 units) trader A will have at risk US$1,750 (2,000 - 250 = 1750) while trader B will only have at risk US$1,000 (2000 - 1000 = 1000)*.

*Of course there are risk management techniques that allow traders to reduce that amount of risk such as stop loss orders. We will go deeper in to this in the following lesson...

For this reason, using leverage greater than 100:1 is not advised.

Remember: the margin is used as a deposit; everything else is also at risk.

Low Transaction costs - The Forex market is considered one of the markets with the lowest costs of trading. Most brokers collect their fees based on two schemes:

Spread - Brokers collect their fees by charging a different price for long and short positions. The difference is what is collected by the broker.

Spread and Commissions - Most brokers under this scheme charge a commission but usually the spread is tighter and transaction costs can even fall below brokers under the spread "only" scheme.

Low minimum investment - The Forex market requires less capital to start trading than any other markets. Some brokers allow traders to open trading accounts with an investment that could go as low as US$1 (yes, you read that right, that is one US dollar.) On average however, brokers allow traders to open accounts with around US$250.

Of course, you can't expect to make a fortune with that investment but it will get your feet wet before you start risking a larger amount of capital or you can try to slowly start growing your account from there.

Specialized trading - The liquidity of the market allows us to focus on just a few instruments (or currency pairs) as our main investments (85% of all trading transactions are made on the previously mentioned seven major currencies). This allows us to keep track of, monitor and get to know each instrument better.

Trading from anywhere - Not having a physical location where all transactions take place (OTC), allows us to trade from anywhere in the world. We only need either a phone line (where you can have direct access to the brokers dealing desk) or an internet connection (through an online platform).

by a.anies

http://www.trade-4x.blogspot.com

Reuters - The Dow and the S&P 500 dropped for an eighth session on Friday, as a dramatic late-day comeback stalled out to cap the worst week ever for the S&P amid more anxiety about the condition of credit markets and the threat of a global recession.

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The Ugly Facts of Life About Being a Petroleum Trader

2008-10-10T04:30:00.001-07:00

Anyone who's gotten involved in the inevitable daisy chains that are part of the online international commodity "trading" business has learned a new meaning of the term "dead end."

The fact is (and this is learned from real oil traders who know from experience) that most of these "deals" are just fake, plain and simple.

Thanks to the Internet, these days some phony-baloney oil brokers even have their own websites and call themselves petroleum suppliers or petroleum companies even though they may not have completed a single real oil trade transaction in their lives. Why do they keep doing it?

I honestly don't know. The sad thing is these traders' persistence could be put to good use if they ever took the time to actually learn about the business. And don't think it's only the unschooled who fall victim to these daisy chains. Many lawyers, MBAs and educated men and women who should know better are frequently sucked in too.

When real petroleum companies deal with real refiners in foreign countries, the standard procedure is that the seller makes a firm offer to the buyer - subject to whatever he needs done - and the buyer then takes a look at the offer and says either we've got a deal or we don't.

Simple. It's just like any other trade transaction in that regard. Too many buzzwords and too many qualifiers usually mean you should stay clear. And contacts who are actively seeking banking information before any discussion of product are usually non-players.

What about discounts? Real traders know there's no discount on orders whether it's a big deal or a small deal but the "play traders" believe that if the deal is bigger, there should be a bigger discount. This is another example of not knowing the industry.

Instead of looking for suppliers of huge amounts of oil in its various forms, the real buyers know that no single supplier can come up with one million barrels a month (an amount frequently tossed around) because the refining capability just isn't there.

What about someone fronting for a rich Saudi sheik?

Fat chance, say the real traders. In the case of Saudi Arabia, there are only two legitimate organizations that sell oil on behalf of the country or an oil consortium. Someone who says he's selling on behalf of a Saudi sheik is just, well, full of sheik!

And if they start talking about millions of barrels per month it's almost certainly not real unless they're talking about crude oil.

Remember, a broker's entire job is to help a petroleum company's trading department find or sell oil and related products so that he will receive a commission when the deal comes together. Will you get paid? That's always an issue for export intermediaries but it can be especially tricky in the oil business.

The fact is that most oil companies -- and especially the big ones -- have traders in their marketing departments who operate honestly and fulfill obligations to brokers. But there are some independent and smaller companies who treat brokers shabbily and their reputations are widely known - another reason to get smart on the oil business before you dive in.

Surprisingly, you will probably find that many of the bigger oil trading companies will not only accept your services but may also provide advice and assistance.

So what's the bottom line?

Like I said before, it ain't easy. And you've got to know what you're doing. The fact is, petroleum marketing is a dog-eat-dog business and if you're a broker, you'd better have the resilience and perseverance to work through the baloney and outright deceit which seems to attach itself to petroleum trading.

Frankly, unless you have contacts in or familiarity with the petroleum industry, I recommend you stay with small- and mid-sized product manufacturers who are not exporting their products. It may not be as exotic as trading in petroleum, but it works - and you can make some real money. If you insist on trading in the volatile petroleum industry, try to find someone who will mentor you on the ins and outs. This is probably the best way to make sure you don't get "burned" by oil.

Dennis Hessler is the publisher of The Computer User's Guide to Running Your Own Exporting Company and numerous other books, video tapes, software packages and The International Trade Connection newsletter which is designed to show entrepreneurs new to exporting how to get involved in the booming global market.

Learn more about international trade at his website, http://www.spyglasspoint.com You can also download a free sample copy of The International Trade Connection at the site. If you have questions about any of his products or international trade in general, e-mail Dennis at Dennis@spyglasspoint.com. Spyglass Point Productions, P.O. Box 13141, Pensacola, FL 32591 U.S.A.

Reuters - Citigroup abandoned its brief but acrimonious battle with Wells Fargo & Co over Wachovia Corp , one of the United States' largest banks, losing out on a deal crucial to strengthening its retail banking business but vowing to pursue up to $60 billion in legal claims.

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Automated Forex Trading - Really The Best Forex Trading Solution?

2008-10-06T04:09:00.001-07:00

If you are setting up or just getting going with your currency trading business, you've likely come across offers for automated forex trading solutions. While no solution can totally remove the human factor completely, some of these can be effective and profitable if you know what you are getting. Here are three important things to consider as you compare these automated solutions.

Tip #1: Verify The Track Record

You should first verify the track record and previous result of any software that offers to automate your forex trading. Of course, past results cannot guarantee how well the software will work for you. That said, if you can't even verify the claims made on the program's sales literature, stay away from it. Verification can include contacting others who have used the program and asking them about their experience. Any reputable company will have some customers on file who should be glad to discuss their experiences with you. Screenshots documenting successful trading can also help, though they can be faked.

Tip #2: Make Sure Support Is Provided

No matter how automated the solution claims to be, you'll likely need some hands on help getting things up and running. You'll also want to make sure there is someone behind the product to help you should you encounter any bumps along the way. Make sure to test the company's support out ahead of time by emailing or calling with some pre-purchase questions. Of course, if there is no support email and phone number to start with, avoid the product at all costs. The speed and quality of the response you get to your pre-sales questions can be a very good indicator of the quality of support you can expect post-purchase.

Tip #3: What Is The Guarantee, If Any?

Make certain that there is a solid guarantee backing your purchase. This includes reading the fine print in the user agreement before you buy. You don't want to invest in an automated trading program that fails to deliver only to find out that there is no way to get your money back. That said, do not purchase until you are absolutely sure that the software is right for you by following the first two tips.

Bonus Tip:

Another good way to get feedback about any automated forex trading program you are considering is to read the reviews at a free forex forum and chat room such as: http://www.freeforexforums.com

Reuters - The U.S. Federal Reserve is brokering discussions between Wells Fargo & Co and Citigroup Inc over which of the banks will buy Wachovia Corp's assets, people familiar with the matter said on Sunday.

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Benefits of Forex Trading - Strategies and Flexibility

2008-10-05T02:39:00.001-07:00

One of the benefits of Forex trading market is that you are not limited to selling short or long which in turn means that there are less restrictions. With the ability to choose to sell at any given time regardless of whether the market has fallen or risen for one country's currency gives the trader huge potential for a large profit margin.

Benefits of Forex

Flexibility
Leverage
Below a 1% change in currency most days

Unlike most markets Forex market is 24 hours a day and never sleeps. You do not have to wait for the market to open which means you can trade at all hours of the day. This also means you can respond quickly to however the world's latest movements and news might affect market trends. Another benefit of Forex is that because it is up and running 24/7 it makes trading more flexible for the part-time trader so that he can still work another full-time job. By taking advantage of this luxury and individual can trade in his free time and not be hassled by the thought of limited hours.

What allures more people than anything in the Forex market is the tremendous leverage one can gain. This means that an individual can control a huge amount of money with very little money invested. An example of this would be if a trader had put $,1000 into a 150:1 Forex account he would have the potential purchasing power of $150,000 in the currency market.

Best of all the Forex market tends to be a lot safer than other markets like the stock market. Stocks can easily fluctuate by 10% on any given day whereas most major currencies within Forex only fluctuate by 1%. This means for the timid investor Forex is a perfect opportunity for a learning experience and does not require you to have a huge investment nor does it require you to be a daredevil. The risk is comparably low.

Unfortunately one of the downsides for most novice traders that they will come across in Forex is that it has a high learning curve. This often means that it will take a while before the novice trader gains the experience and knowledge necessary to enjoy the full prosperity of the Forex market and their investments. Luckily this is no longer the case. Expert traders are now willing to share their advice, knowledge, and help beginning Forex trader's understand the market and make lots of money. One of the best 20+ year expert veteran Forex trader who is offering his help and is by far one of the best ones out there coaching is Jason Alan Jankovsky at the Forex Brotherhood

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