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Forex trading is one of the great money making opportunities available these days. People from many walks of life, men and women, decide to join the forex trading world everyday looking for the great style of life a profitable forex trader can achieve.

But once you enter the world of Forex trading the first thing you will realize is that it?s not easy to become a profitable trader. The more you learn about the currency markets the more you realize the urgent need of a good forex trading system in order to make money and not just spend your time entering trades as a hobby taking you nowhere.

There are many companies and individuals out there offering you forex trading systems that promise to be the real thing and that will teach you how to earn tons of money easily. But you must be aware that not all of them are always sincere and you should be ready to look for some specific characteristics good forex trading systems must have.

For example; they must be willing to let you know part or the basics of their trading system for free, so you can evaluate their claims and be sure of what you will be buying from them. Also, they should offer you a money back guarantee in case the complete system doesn?t stand to their initial claims.

A very good sign of the ?goodness? and utility of the system would be if the company offering you their services offers to follow up with you about any doubts and questions arising from the use of their trading system. This follow up can include a users forum, contact phone number, email direct contact, etc.
Also the Read more…

The quickest order (but usually not the best) is a market order. This is an order to buy or sell at the current bid(buy) / ask(sell). Market orders are filled according to the time they reach the exchange. A 9:32 market order on XXXX stock will be filled before a 9:33 market order on XXXX.

Nasdaq stocks are all bought and sold electronically. That is,
when an order is placed to buy or sell a stock it is immediately matched up with the best priced Market Maker or ECN Electronic Communication Network).

The New York Stock Exchange is a specialists exchange. That is, your order goes to an individual on the floor of the NYSE. It is his job to maintain order and liquidity in the stock he specializes in AND put money in his pocket (they never tell you that).

Now here comes the problem for little online stock buyer…YOU.

You see stock XXXX trading at $50 so you call your broker or click on your buy button at your online account for a market order to buy XXXX at $50 for 200 shares and boom, your confirmed at 50.18 or even worse.

What happened? You just paid full Retail for the stock. Extra $36 bucks right out of YOUR pocket. The price was actually 50 bid and 50.18 ask on XXXX stock. You seen $50 on your quote “streamer” but you placed a market order to buy. And where do you buy…that’s right from the best priced seller(ask), Read more…

The Internet offers an abundance of information about investing, currency trading, forex market, about how, when and what to do to earn more money in the easiest way possible. The ?information highway? is practically a gold mine for traders that have a lot of experience and for beginners that need articles, tips and glossaries to get ahead. So much to see and so much to do?One should be worried that all these people (that are looking for information and for knowledge or are offering it) forget that behind the computers there are hearts beating and brains thinking, and blood pulsing through veins.

The useful information that is found on the Internet about foreign exchange, charts, capital risks, currencies, brokerage, and transactions isn?t just a virtual world separated from reality. It is other people?s experience, thoughts and feelings. The articles written about this subject represent their time and effort to supply novelty, to help, to guide their fellow readers. And those to whom they address their knowledge are people too. The Internet is actually people?s humanity, their strive to contribute, even a little to man kind.

Currency trading isn?t impossible to learn as one might imagine when encountering problems. Trading difficulties aren?t a reason not to invest anymore. These procedures and words were invented by people (who have weaknesses, who are sometimes foolish, sometimes too ambitious or who want to take advantage of your own faults), but for the people also. And, because you, the reader, are here to use their information you are proving yourself to be human. You should now endeavor to understand what others have so much worked to teach. Yes, you might stumble upon different terms that place you in a difficult situation: Wash trade, Whipsaw, vostro Accounts and abbreviations like: EDI, ECU, EMS, EFT, G7 or G10. But you will also find the answers to all of your questions from the same people that use these terms.

Currency trading speaks about money and finance and business, so about people and their wishes of great wealth. Trading in general talks about human psychology ? something that should be taken into consideration usually. The risk that exists in trading has a direct effect on the trader. Therefore bad transactions are made because of hesitation, fear of making a choice that might lead to loss of money and lack of faith. The advice: ?trade only as much as you can afford to lose? was given just because of these reasons. Currency trading has less to do with psychology than other trading systems, but it still reefers to people and the way they think.

So human weaknesses can be taken advantage of (you can profit from someone else or someone else will profit because of you). The good aspect of currency trading is that buying and selling currencies is safer than other risky markets because the psychological factor weights less here. But, if you want to make sure that you are in control of the situation, don?t Read more…

What is currency trading?

How can you get rich and powerful from currency trading?

Who can do currency trading?

Can you do currency trading from any country of the world?

Until six years ago, when the United States Congress passed a law and made it possible for the small investors and average citizen to participate in this currency day trading, only large banks, financial institutions, millionaires and billionaires were doing currency trading.

Currency day trading is the best kept ?Secret? of the rich and powerful, international bankers, the money elite, who own and control all the banks, companies, corporations and foundations in the world.

Currency online trading is when you buy and sell the foreign currencies of different countries online.

Through currency trading, you can put your money to work for you like millionaires and billionaires do, instead of you working for your money.

There is no large investment, hard work, technical training or big ?risk?.

Currency day trading investment enables you to use $1 to control an investment worth $200, and $500 to control $100,000 and $1000 to control $200,000 and $5000 to control $1,000,000 worth of investment.

Currency trading is the most profitable and attractive internet investing opportunity because you can do it from home or office and from any country in the world.

In currency online trading, you don?t need to do any marketing or selling or internet promotion to succeed.

In currency trading, you don?t need to spend thousands of dollars to do any internet promotion.

In currency trading, you don?t need any stocks or warehousing.

In currency online trading, all that you?ve to do is open an account with one of the brokers with as little as $300 or $2000.

Then follow simple instructions to buy and sell the currencies.

When the price of the currency is low, you buy.

In a few seconds or minutes, the price may go up, and you may sell it and make a profit.

By doing so, in a day, you can easily make $500-$1000 by just buying, selling and trading these foreign currencies for about 3 or 4 hrs!

And get this:

You don?t even have to be stuck sitting behind your computer buying and selling these foreign currencies.

You can enter all your buy trades and specify the sell prices you desire and then log off.

Whenever the values of these foreign currencies rise and your selling prices reach, the currencies will be automatically sold for you and you make money!

You can put it into an auto-pilot and forget it, and it will keep generating fast easy cash for you daily, 365 days in the year like an ?ATM? machine.

You can do currency trading and at the same time keep your day job, because in currency trading, there is no work to do.

In the future when you have made hundreds of thousands of dollars, you may then quit your job and just keep doing currency trading forever and go on permanent vacation!

To understand the beauty of currency trading, picture this:

In the morning, you get up from sleep at 6 am.

You go to your bathroom and have your shower.

At 7am, you hurry and eat your breakfast.

At 7.20 am, you login into your currency trading account on the internet and spend 10 minutes to buy about 3 or 4 different currencies, [for example British Pound, Euro, CHF (Swiss Currency) and Yen (Japanese currency).]

You can specify the price that you wish to sell each currency.

Then you can log off.

By 9 am, you?re at work in your office or business place.

You do your job as usual and by 5 pm, you?re finished and heading home.

When you get back home around 6.30 pm, you login into your currency trading account to see how much money you?ve made.

Holy Molly, there in your account it says you have made $750!

?Is this for real??, you wonder?

Yes, it is. (Your eyes are not deceiving you?)

$750 in a day for just clicking your mouse twice and doing no work?

(Whereas at your job, you work 8 hrs, but make only probably $150)

This is how easy it is to make money from currency trading.

But before you use real money to open a live currency trading account, you have to Read more…

Introduction

You are probably on the way to be a millionaire. Well, if having good knowledges is important for full success, your sucess also depends on your broker. So before Trading in the FOREX (FOREign Exchange) Market, choosing a good broker is a milestone.

A broker is merely an intermediary (a middleman) between YOU as a person and the very FOREX market. The broker (an individual or a corporation) will actually carry out your orders to buy or sell currencies.

Now we are going to browse the following 20 items you need to find the proper broker that you will work with.

1. The Trading Platform

To send a buy/sell order to your broker you use a computer software called a ‘Trading Platform’. Most of them comes with a demo account. Using the demo account to check the software for ergonomics (comfortable in use), fast execution, slippage (difference between the price of a currency at the order and the price of the currency at execution), charts, etc…

2. The Leverage

The Leverage enables you to take a position more important than the capital you invest. The greater is the Leverage and the greater is the risk to lose your money. So, for the purpose of limiting the risk the leverage should be lower than 10.

3. The Spread

The spread represents the difference between the Ask Price and the Bid Price offered by a broker. For example if the broker offers a fork of Bid: 1.3600 and Ask: 1.3608 on the euro/dollar that means you can sell the parity to 1.3600 and buy it to 1.3608. The difference between the two prices is 0.0008. We say that the spread is worth 3 pips.

The Spread is important when applying short term trades with few movements in pips.

4. The financial solidity of the broker

The choice of an important broker is very useful. Indeed, with a big capital such a broker can guarantee your deposit.

5. The Language

The main worldwide brokers giving access to Forex are primarily located in the United States. In fact, to be able to invest in this market, it is necessary to speak English and to know a minimum of the American legislation in order to choose the good broker. However, with the growing of individual investment in the FOREX market many brokers provide services in different languages and we can find serious brokers outside the USA, in France for example.

6. The Country

For the same reasons stated above, you can trade currencies while living almost anywhere in the world !

7. The Customer Support Service

Contact the broker via Telephone, E-mail or Live Chat and check the delay of the replies, the availability of the customers service and the relevance of the given answers (are the answers useful to you ?).

8. The Speed of Order Execution

Use the Demo account and the platform to test the broker execution speed.

9. The Margin

The lower the margin requirement (the higher the leverage), the greater the potential for higher profits and losses. The percentages of margin varies from 0.25 and more.

10. The Minimal Deposit Requirements

Most brokers have minimum balances to start forex trading. The lower is the best. In general they vary from $250 to $1,000.

11. The Transaction Costs

Of course, don’t forget that the cheapest broker is not the best.

12. The Slippage

About the slippage, it is necessary to rely on comments left on forex forums.

13. The Withdrawal

Ask all informations related to withdrawal. In effect, it is often hard to get your money out of your trading account.

14. Is the Read more…

In this guide, you will learn about the benefits of Swiss banking. You will also discover how to open a Swiss bank account, and how to use it for investment and savings purposes.

Introduction

Swiss bank accounts provide strict privacy, total confidentiality and are also tax-free.

With a Swiss bank account you can also earn interest in the currency you wish to hold your account in (USD, CHF and EUR). You can also receive an international credit card and a numbered account if you choose.

Typical Swiss bank account clients

Typical Swiss bank account clients come from all walks of life, from international consultants and sales representatives to expatriates and computer programmers. In fact, anyone seeking to gain financially (possibly through trading in the capital markets, the sale of real estate, inheritance, or an insurance policy), or who wants to protect their estate in the event of divorce or inheritance, can take advantage of the benefits of Swiss banking.

Does it cost anything to open my Swiss bank account?

Opening a Swiss bank account is often free of charge.

Which documents do I need to open a Swiss account?

Opening a Swiss bank account has never been easier.

Before you arrive in Switzerland, you will be asked you to bring with you some of the following documents:

Passport

You might also be asked to send an authenticated copy of your passport?s photo page, showing your passport number, before you arrive.

Financial background

These documents show what you do for a living, for example a copy of a current bank statement, contract of employment or tax return. The exact documents required depend on the nature of your professional life.

Origin of deposits

These documents show the financial origin of your deposit. For example if you are depositing funds from the sale of a house, you might be asked to send proof of the sale, a copy of the real estate agent?s listing, or similar.

Personal Information

You are usually requested to provide only basic personal information.

This information is required in compliance with Swiss anti-money-laundering laws and to understand your banking needs. All your information should be held in strict confidence.

Swiss bank accounts for US residents

If you live in the US you can still Read more…

The objective of every forex trader is to become a profitable trader. But achieving this goal is not always an easy task, so it?s vital that you learn how to use as many of the technical indicators as you can. These indicators are very useful parameters that will tell you with a pretty high probability what the forex markets are more likely to do in their apparently disordered behavior.

MACD and RSI are two of these indicators; but what?s the meaning of these letters? Here is the answer:

Moving Average Convergence Divergence: MACD is a more detailed method of using moving averages to find trading signals. This indicator was developed by Gerald Appel, the MACD plots the difference between a 26-day exponential moving average and a 12-day exponential moving average. A 9-day moving average is generally used as a trigger line, this means that when the MACD crosses below this trigger it is a bearish signal (time to sell) and when it crosses above it, it’s a bullish signal (time to buy).

This indicator will help the trader using MACD studies to have an early signal of what the market will do next. When the MACD turns positive and makes higher lows while prices are still tanking, this is usually a strong buy signal. Conversely, when the MACD makes lower highs Read more…

As you ponder how to balance your forex portfolio, it is important to map out sure-fire strategies beforehand.

With your plan, you optimize your reward with respect to the expected risk, and tweak probabilities to your favor. Forex strategies must be disciplined and limit risk; simultaneously, it positions you at the most favorable advantage in the market.

A beginner?s strategy is the fundamental Moving Away Average, which is draws predictions from technical study over 12 periods, with each period 15 minutes in length. Trading decisions based on the MAA technique considers historical data to arrive at relatively safe predictions.

We use a simple algorithm for MAA. When currency price crosses above the twelfth period, simply move away it is a signal to stop and reverse. In this way a long position will be liquidated and a short position will be established, both using market orders. This system keeps trades constantly active in the market, with either a short position or a long position after the first signal. Risk is minimized.

Intermediate level strategy calls for analysis of support and resistance levels. The market likes to trade above support levels and trade below resistance levels. If either a support or a resistance level is broken, then the market follows through in the direction given. These breakpoints can be determined by analysis of the chart and assessment of where the chart has encountered unbroken support or resistance in times past. Identify these critical points and you can ascertain periods when you plan to open or close a position.

An advanced tactic that many consider exotic is the balloon strategy. The Balloon is an option that balloons, or increases in size when triggers are breached. Take the case of an investor who predicts that the dollar will gain strength against the Euro in the near future and is currently trading at one hundred, the investor will see one hundred ten as having strong resistance, but he also believes it will be broken.

Now, rather than buying straight US dollars at one hundred for the next six months the investor will purchase at ?at the money? balloon call with a One Hundred Ten trigger and multiple of two. The investor then acquires a One Hundred Ten call in USD110mm. However if the dollar and Euro ever trade at or above one hundred ten, the 110 call will double to USD 20mm.

A day trader at heart? The Double Bottom is definitely for you. Significant to the short term trader, the double bottoms indicate a possible major change in currency sentiment and indicates a shifting trend. The pattern is used on all times frames, and many compelling intraday and long term bull markets are identified Read more…

Over trading is one of the biggest causes why traders never make it in the financial markets. With a click of a button, a trader can place a trade anytime he wants. It takes tremendous discipline to hold yourself back from over trading. There are many reasons why one may choose to over trade.

1. Traders without a plan

Traders without a plan are my favorite type of traders because they will always lose. Without a plan, how would one know when to take a trade and when not to? Having a trading plan is a necessity. I can not trade if I do not have a plan for the day. I feel lost without one.

2. Revenge trading

Many new traders become tilted after a loss or a string of losses. This causes them to revenge trade just to break even. This often leads to reckless trading forcing a trade when opportunity is low.

3. Chasing the markets

Alot of new traders feel more pain when they have missed a move than an actual loss. This is why new traders love to chase the markets. If price has moved away from your projected entry point, let it go. There are plenty of more opportunities. Chasing is one of the worst habits a trader can have. Not only does it offer you low rewards, it also gives you a horrible entry and alters your stop loss placement. Always think about the risk before the profits.

When you have a plan to follow, it is easy to filter out Read more…

When you reach a certain level of understanding about how the FOREX market works, you become conscious of the huge significance support and resistance levels have.

Although the internet is populated with a large collection of strategies and rules on this subject, I always found it difficult to understand what lies beneath and how to reliably pinpoint the exact inflexion level on a chart.

This article addresses the subject in my unique and well-known style. I will share with you my findings as well as the optimum approach to them, trying to extract the essential and propose a simple, yet effective way to show a constant profit.

The S/R levels are the product of the battle between the sellers and buyers, on their perpetual attempt to turn a profit from their market expectations.

This is always dictated by the big players and smaller hands only come to add momentum to any change in direction.

This observation becomes more significant for larger time frames on the chart, given the colossal size of this market (more than 1.5 trillion USD a day).

That is why all technical analysts advise you to wait for the change in direction to occur, and avoid initiating positions in the anticipation of a support or resistance level. This is precisely because no one knows if the big guys are still willing to defend that level.

Of course, they will pack their analysis in vibrant colours and fashionable expressions, but the naked truth is the above-mentioned one.

The advent of so-called ?digital options? brought major players at the table. These are the ?casino-style? bets, using terms like ?one touch? barrier, ?double no touch? barrier and similar others. Simply put, you bet that if the rate behaves in a certain fashion, over a specified time frame, you will be paid a certain amount of money, in line with ?odds? similar with horse race betting. For instance, you can bet that EUR/USD, currently trading at 1.2300, will not go above 1.2400 for the next seven trading days. If this scenario plays out well for you, the broker pays you in line with the odds of the bet.

This ?digital options?, together with their ?classic options? relatives, are a major supplier of S/R levels in the FOREX market, as players select very specific levels for their bets.

As it is the case with all humans, we tend to simplify things, this approach resulting in ?round Read more…