FX Currency Trading Tips

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.

Online Trading For
Halcyon Forex
Stock Trading Seminars 7 Points To Consider At A Trading Seminar

How to Make 15 Pips Per Day Trading Forex

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 - 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.

Day Trading Penny Stocks Online Day Trading
Online Stock Trader
International Trading