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Monday, October 4, 2010

What Are The Financial Markets?

What Are The Financial Markets?

Financial markets let people buy and sell financial products. Organizations use this currency to do business in different countries. Individuals trade to profit from price fluctuations. These fluctuations happen daily. The currency value increases and decreases, sometimes within seconds, between currency pairs. Currency is not traded against a commodity such as gold. It is traded in pairs, against the value of another currency.

One currency may have several values, at one time, against other currencies. The value of a currency has nothing to do with the exchange rate at the local bank. The fluctuations are caused by supply and demand. The currencies market is the largest, in terms of quantity traded a day.


Main foreign exchange market turnover, 1988 - 2007, measured in billions of USD.

The Currencies Market: Foreign Exchange Market, FX market, or Forex

The Currencies market goes by several names: Foreign Exchange Market, FX market, or Forex. There are two types of traders on the Forex market. The first group are the banks and companies that must trade to do business. They would convert their profits in one country, to another countries currency. Converting through the central bank will cost too much, so these entities trade through the Forex market. The second group are individual traders who speculate on the market and trade in the hopes of earning a market, often single traders forex trading online from home.

To the uninitiated, this second group may seem like a type of parasite. However, they are a vital element of the market that lends to the success of many currencies around the world. The value of a currency depends on many factors including the country’s economic health, interest rates, employment rates, and the amount traded.

Financial market prices fluctuate due to supply and demand. If there was not enough demand, many of the world’s currencies would be lower. This is where the individual investors come in. The UK economy is currently suffering terribly, as is the USA economy. However, individual traders who are forex trading online have speculated so much on the currencies that they have remained strong and not bottomed out, like the Canadian currency did a decade ago.

Currency values are influenced by several global factors including economic, politics, weather, war, natural disaster, even ‘gossip and rumors.' In 1971, the world markets allowed the world's currency exchange rates to fluctuate.



Low Risk Forex Start Up Strategies

There are several ways to enter the Forex trading online world without risking your capital. The most popular is a service such as gnutrade.com, or a broker’s software, which allows you to do forex trading online without using real money. Several forex trading services and software subscriptions let traders practice in the real Forex market, with real second-by-second data. The two main types are ones that let traders run months of trades within a few minutes. The second works on ‘real time’ with the markets.

Each of these systems let investors test different strategies and methodologies without using legal currency. The user can also learn how to track the news feeds and watch how the simplest news report, or editorial can impact a currency pair. It makes forex trading online safe for beginners.

Practice Makes Perfect

The reason investors need to spend a few months trading, daily, in non currency accounts is to help train the investor to Read the Markets. Traders conducting forex trading online must be able to use fundamental, technical, and quantitative analysis to control their trading decisions. There is no room for hunches or luck in the Forex markets. Some trades happen so fast that the positions have opened and closed, based on the investor’s pre-determined strategy signals. Sometimes this happens before the investor is aware of it.

The first step is to subscribe to several different Forex news feeds and read the news every day. There will be no obvious correlation between the reports and the news at first. As the weeks pass, traders will start seeing a relationship.

The second step is to pick one or two pairs, and one market. Trade the same currency, with the same strategy, at the same time every day, on the same markets, and the same currency pairs. With forex trading online it is possible to set up more than one demo account and compare the results of different trades, strategies, and entry or exit positions.

Step three is to establish entry and exit positions that will increase profits and reduce risk. This cannot be done until you feel secure in a single strategy and working between two or three currency pairs. This can take experimentation and exploration.

1. How much can I risk?

2. Do I have the nerve to trade in a volatile market?

3. Outline the logic behind entering a trade.

4. Do I have enough skill to understand whether the assumptions/logic behind a forex trade are/is correct or wrong?

Picking A Forex Broker

The choice of online forex broker or trading company can limit the risk involved. It is important to realize that there is always risk involved. Everyone expects to lose trades. Winning 30% of trades is a good average. Most entry points are wrong. The best strategy makes use of expectations. Some traders feel this is a useless concept. Learning how to trade with different expectations against two systems will reduce risk.

A trader who'd forex trading online needs to pick strategies, trades, and have an idea of their leveraging and margins before picking a broker. Some strategies will favor a forex broker who may use higher spreads, but are more lenient when a trade threatens to deplete the margin. Other forex brokers be incredibly strict on the margins, but they offer narrower spreads.


Opening a Forex Trading Online Live Account

The most important question is, “Am I ready for a live Forex account.” Many traders enter the market before they are ready. Their emotions get the better of them. Instead of focusing on educating themselves, they start to focus on the money they would have made if they’d been trading live. The ‘itch’ to start earning a profit starts to wear away their logic and common sense.

Forcing yourself to stay in training, and continue to learn, is part of the training process. Forex traders need nerves of steel. They need to hold their positions as the markets fluctuate, especially if they employ a long-term strategy.

There are several ways to determine answer the question, “Am I ready for a live Forex account.”

1. Do I have enough capital to invest safely?

2. Will my ‘exit’ positions protect my capital?

3. Have I balanced my investment-stake against the risk?

4. Can I rebuild my stake in a few months?

5. Am I winning an average, or above average level of trades?

6. Can I afford to lose my stake?

Networking With Other Forex Traders

One of the best ways to reduce to Limit The Risk is to network with other traders. Do not be drawn to the big names. Look for places where new traders discuss their frustrations, what works, and who talks about resources.

There is no such thing as risk free trading. This does not mean that the concept of forex trading online without losing the stake, and without profit is not a realistic expectation. It is all a numbers game. Learn the subtle nuances of the game, and you’ll reduce the risk, and increase the profits.


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Forex Trading in the News

  • Forex Strategy Outlook: US Dollar Losses Favor Trend TradingDaily FX6 hours ago

    Elevated volatility expectations virtually guarantee that the coming week of trading will bring sharp swings across key currency pairs. DailyFX+ System Trading Signals – It has been a lackluster week for most of our trading systems, as gains in key US Dollar-short positions have been offset by losses in other currency pairs.

  • FOREX-Euro rally pauses, but uptrend vs dollar intactFOX Business1 second ago

    FOREX-Euro rally pauses, but uptrend vs dollar intact

  • FOREX-Yen braces for BOJ easing, Aussie awaits RBAFOX Business1 second ago

    FOREX-Yen braces for BOJ easing, Aussie awaits RBA

  • Forex Income DailyKLue28 hours ago

    Category: Items & Merchandise User : gengliu007 Date : Monday, 04/10/10 - 00:16AM Description : Forex Income Daily This system got nothing to do with Swing trading, Scalping, News Trading or any fancy trading tactics out there. It purely focuses on the fundamental that make up the Forex market and profit from within. At any give time, I will only place 2 trades, at a specific time and period ...

  • Forex Weekly Trading Forecast - 10.04.10Daily FX2 days ago

    DailyFX provides forex news on the economic reports and political events that influence the currency market. Learn currency trading with a free practice account and charts from FXCM.

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Forex SAS Robot Reviews

Forex SAS Robot Reviews

Tuesday, August 24th, 2010 at 9:15 pm
Comments (1)

I have received alot of emails from my pals on this Forex SAS robot. Thought I want to list it here first. I will give a review soon when I have got more information on this Forex SAS robot. »» Continue to read about Forex SAS Robot Reviews

Filed under: Forex Reviews

10KTo1mm Trading Formula Course Reviews

Tuesday, August 24th, 2010 at 9:02 pm
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Now 10kto1mm trading formula is a very good trading course conducted by a very reputable trainer. A course that I should have reviewed a week ago.I was surprised it was closed out in a week. Henry Liu has a “real” limit to the number of subscribers to his 10KTo1mm course.He wants to give his priority support to every students. Well, I just received an email from him that his course will be opened up temporarily again for a few days starting from this Tuesday. »» Continue to read about 10KTo1mm Trading Formula Course Reviews

Filed under: Forex Reviews

Forex BulletProof Robot Reviews

Thursday, August 19th, 2010 at 8:31 am
Comments (10)

The team of king of forex robots, Fapturbo is finally coming out with their latest creation, Forex Bulletproof.I am suprised that they took so long to come up with a new creation of theirs.After all, they do have the expertise and support now after a few forex robots of their own.Forex BulletProof might be a very good forex robot in the making.
Background-Forex Bulletproof is not a new EA. It has been used for the past 6 years by 3 members from the Fapturbo team.It is programmed as a “safe and constant wealth growing” robot. More like your bank but with much higher interest.
As such, Forex Bulletproof does not have the aggression like your typical 1000% monthly forex robot.It is programmed to handle your capital with care and grow it on a constant steady rate. On average, the team is looking at a 5% growth every single month. »» Continue to read about Forex BulletProof Robot Reviews

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Forex Shockwave Robot Reviews

Tuesday, August 17th, 2010 at 6:49 pm
Comments (6)

Ok there is a forex robot coming to you today. It has caught my attention when the traders from Insider Code mailing list emailed me. They seldom market any forex products so there must be something interesting about it.This forex robot is call Forex Shockwave.
What’s so impressive about forex shockwave.What is so impressive for me is that the creator, Justin has managed to turn a mere $500 into a 6 figure trading capital. I do find it unbelievable until I understand how this forex robot trades.In addition, the forex robot has achieve a single 5 figure profits (over $19k) from 1 trading session. Take note that Justin has only used $50K capital during this testing period. »» Continue to read about Forex Shockwave Robot Reviews

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Xtreme Pip Poacher News Flash – You can download this EA now. Trading glitch makes $89,765 in 6 months

Wednesday, July 28th, 2010 at 7:56 am
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And refreshingly there’s strictly no BS behind this.Just stacks and stacks of genuinely real, live trading proof.Trading proofs available.See a trade-by-trade summary, real video proof and see how real money is made with Xtreme Pip Poacher.The best thing?It’s so low risk that only 2% per trade is risked at any time. »» Continue to read about Xtreme Pip Poacher News Flash - You can download this EA now. Trading glitch makes $89,765 in 6 months

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Introduction to Forex Legend – A peek into this new forex trading robot

Tuesday, July 27th, 2010 at 8:19 am
Comments (2)


Forex Legend is launching tomorrow 27 Jul so I guess the cat has to come out of the bag soon.Below are some details to keep you back on your seat for tml launch.Tested on 52 trading accounts.Forex Legend trading system has being put to the test on 52 LIVE trading accounts.
Now that’s something. The purpose is to test the EA on different account sizes and see how it perform.I think its very hardwork for the developers but of course good for us consumers. A total amount of $115,000 has been deposited into these 52 accounts. Hopefully, this test is not for marketing headlines but really a true experiment to test the forex robot reliability and consistency.

»» Visit http://www.ForexLegend.com

»» Continue to read about Introduction to Forex Legend – A peek into this new forex trading robot

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Xtreme Pip Poacher News Flash – Giveaway Announcement (important)

Monday, July 26th, 2010 at 8:59 am
Comments (1)

Have you ever wondered what it’d be like to know whether your broker is screwing you? (excuse my language there).Verify your system profitability.It also tells you how to figure out whether a Forex system is profitable.

HINT: it’s quite simple and has something to do with what he calls “velocity”.You have to see this at Xtreme Pip Poacher.A few minutes of your time.It’ll only take a few minutes and it won’t cost you a dime. You’ll also be a lot wiser which may make a big difference to your trading. P.S this guy is one of the good guys and he’s giving away copies of the tool he uses to tradeand which keep a snoopy eye on your broker.

»» Visit http://www.XtremePipPoacher.com

»» Continue to read about Xtreme Pip Poacher News Flash - Giveaway Announcement (important)

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Xtreme Pip Poacher Review – What is this forex trading robot all about?

Sunday, July 25th, 2010 at 2:01 pm
Comments (2)


Ok lets continue to talk about Xtreme Pip Poacher.What I am posting below are mainly findings from the blog itself since the product isn’t out yet.Firstly, Xtreme Pip Poacher is the outcome from 553 failed trading systems over 26 years by Williamson. Yes 26 years.. That’s how long he took to came with his first long term profitable EA.

He isn’t a typical forex trader who manages to fall on some magic trading solution. He has to put in tons of hardwork to get the correct formula and thus this automated solution which has been very profitable for him.194 Trades – $89K Net Profit.Over the years, Xtreme Pip Poacher has long/short 194 live trades with a net profit of $89,918.19.

Now Williamson has promised to upload all his trading statements as verification. So let’s look forward to that.Swing Trading System.Williamson doesn’t believe in Scalping nor does he believe you can make a long term living with scalping. Thus the entire trading system inXtreme Pip Poacher relies on Long Term Trading or normally known as Swing Trading.You can expect trades to last up to few days or even weeks.

There will be trades that will exit early due to the inbuilt trailing Profits/Loss mechanism. That means the EA will always try to maximize profits and minimize the losses.If anytime the market decides to turn around , the EA will be able to scalp whatever is from the trade.Trailing Profits and StopLossThe most common problem with Swing Trading is encountering all those choppy periods where prices can’t find a direction. »» Continue to read about Xtreme Pip Poacher Review - What is this forex trading robot all about?

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Forex Counter Attack News Flash – From $100 to $15,455 in 3 months

Sunday, July 18th, 2010 at 4:17 pm
Comments (1)

The good news is that you can now earn enormously chunky profits from Forex trading, completely risk free. Forex Counter Attack makes its grand entrance on Wednesday 27th July, so make sure to be there.
You may have heard the rumors rigging the Forex markets about the latest system,Forex Counter Attack set to take over Forex trading. Well, its finally ready for the launch. What you be getting-You can earn phenomenal high profits with Forex Counter Attack: Easy to follow strategies that makes it child’s play. No prior Forex experience needed »» Continue to read about Forex Counter Attack News Flash - From $100 to $15,455 in 3 months

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Introduction to Forex Counter Attack Trading System

Sunday, July 18th, 2010 at 4:00 pm
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Everyone can formulate a forex trading system. However whether it makes money or not, you will only know when it has gone through months and years of testing.Now Michael has been using this trading system for the past 7 years !I don’t think you can find any developer to have done this extensive testing. The system has been proven to be profitable for the past few years , going through different market conditions till now.
Last 3 months of results- To further prove that the Forex Counter Attack strategies are still profitable in the current market, Michael did some intensive trading for the past 3 months.He has managed to turn $100 into $15,455 using solely and following Forex Counter Attack system strictly.I believe he will show you the result statement on the homepage when the system is launched.
You will only trade when the risk-reward ratio is at least 1:3. Some other features-Below are the main features of Forex Counter Attack make known to me.Just take it for reference first. Easy to follow strategies that makes it child’s play. No prior Forex experience needed. No wasting time on analysis, charts, and false indicators

»» Visit http://www.ForexCounterAttack.com

»» Continue to read about Introduction to Forex Counter Attack Trading System

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Forex Kagi Japanese Trading System is Now On The Market

Wednesday, June 2nd, 2010 at 5:18 pm
Comments (1)

Forex Kagi Trading System is now officially released. This is something I am buying too to study. Very interested and new to me.If you are a fan of Japanese Candlesticks then you shouldn’t miss another powerful creation from the Japanese Traders.What you are getting from Forex Kagi System

Below are some features of Forex Kagi system. 75 to 80% Accurate Signals to bring you HUGE profits. Uses PRICE as indicator and does away with misleading signals. Trades in multiple currencies, Bonds and Stocks. Crystal clear and crisp trading system that gives you all the instructions in simple, easy to understand format

»» Visit http://www.ForexKagi.com

»» Continue to read about Forex Kagi Japanese Trading System is Now On The Market

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Forex Kagi News Flash – Christopher Jackson is excited to unveil this ancient forex system

Tuesday, June 1st, 2010 at 3:24 am
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Forex Kagi uses the Kagi charts, Time-Principles and Japanese Adaptive Technology to get you BIG TIME staggering profits safely and securely. Kagi Charts have been ruling the trading markets for more than a century and now, the Kagi principle is further solidified with Risk Management and money management strategies, so that it leaves the traders with sweet fruits of profits for generations.

You to could achieve winning PIPS every trade using forex kagi…
Some pip-citing examples…
->> 595 Pip Profit – CAD/JPY (ONE Long Trade)
->> 600 Pip Profit – USD/CAD (ONE Long Trade)
->> 545 Pips Profit – AUD/JPY (ONE Long Trade)
->> 645 Pip Profit – NZD/USD (ONE Short Trade) »» Continue to read about Forex Kagi News Flash - Christopher Jackson is excited to unveil this ancient forex system

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New Forex Robot Alert – Forex PipBot CandleStick EA

Monday, May 31st, 2010 at 3:37 pm
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I have just received email that a Forex Robot that uses Japanese Candlestick is coming our way. The forex robot is call Forex PipBot.The developers have programmed the trading system as such it only uses the Candlestick chart to enter or exit trades.

I think this is going to interest a lot of traders who love the high accuracy of these ancient trading techniques.
Launching on 3 June ’10

»» Visit http://www.ForexPipBot.com

»» Continue to read about New Forex Robot Alert - Forex PipBot CandleStick EA

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Forex Kagi News Flash – What is Forex Kagi ?

Sunday, May 30th, 2010 at 6:49 pm
Comments (3)

About Forex Kagi

–>> $5,450 CASH from ONE Long Trade
–>> 75 to 80% Accurate Signals to bring you HUGE profits
–>> +595 Pip Profit – CAD/JPY (ONE Long Trade)
–>> Uses PRICE as indicator and does away with misleading signals
–>> Trades in multiple currencies, Bonds and Stocks
–>> Crystal clear and crisp trading system that does it all for you
–>> Use’s JAPANESE ADAPTIVE TECHNOLOGY.
–>> +645 Pip Profit – NZD/USD (ONE Short Trade)
–>> Fights with your biggest enemy- Emotion
–>> $6,000 CASH from ONE Long Trade on the USD/CAD Currency Pair
–>> 24/7 Life time customer support

You probably heard that Chris and the Certified Forex Trading
team are releasing arsenal from their armory with Forex Kagi.

Check out the Trailer Video at the Forex Kagi Homepage below :

»» Visit http://www.ForexKagi.com

»» Continue to read about Forex Kagi News Flash - What is Forex Kagi ?

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Pro Forex Robot News Flash – Floor Trading Automated System Is LIVE now

Thursday, May 27th, 2010 at 4:12 am
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Enough of the waiting! You’ve read the report, attended the webinar and saw Pro Forex Robot trading success spelt out in plain language.…Get prepared, because there is nothing quite like that feeling that crawls over you when you realize you have just stumbled on something that actually works! Everyone could do with 28 years of trading knowledge.

You could be putting 28 years of professional trading experience to work for you right now, rather than blindly trusting some signal service, trudging your way through creating your own manual strategy or being swept into hyped up EA rehash .

Fire your bosses like how Ron Carter did.Go ahead, sit on the sidelines while thousands of other Forex traders take control of their fortunes with the help of Floor Trader Ron Carter. This is the exact strategy that he used to make bank and fire his bosses.

»» Visit http://www.proforexrobot.com

»» Continue to read about Pro Forex Robot News Flash - Floor Trading Automated System Is LIVE now

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Pro Forex Robot Report – Main Benefits and Features

Saturday, May 22nd, 2010 at 7:48 pm
Comments (1)

Unlike some robots, PFR is easy to setup and takes hardly any time. Go from checkout to trading Live with PFR in just a few quick minutes. Automated trading allows you to be active in the market while living your life. There’s no need to babysit your trading platform with PFR. Our world class customer support staff is there with you every step of the way. Have a question? We’re quick to assist!

PFR attaches right to your Metatrader platform. Don’t worry about having to learn a new system or program.More doubts? – Webinar Details. This is a truly exciting week for pro forex robot. We will be hosting two webinars on Monday, May 24, 2010 to answer your questions and put you in direct conversation with the PFR Team.The first webinar will take place at 3:30pm EST, with a second webinar being held at 7:30pm EST. We will even have a special appearance by the founder of Pro Forex Robot, Ron Carter with his top tech running the whole presentation. »» Continue to read about Pro Forex Robot Report - Main Benefits and Features

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Pro Forex Robot Report – Why are traders choosing this automated trading system

Friday, May 21st, 2010 at 12:57 pm
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Ron puts his name and reputation right on the homepage because he knows that Pro Forex Robot doesn’t need a gimmick, rather just an opportunity to prove to you what he’s known all along. There is no other EA like Pro Forex Robot Review on the market today that can provide the credibility and results that Pro Forex Robot delivers, Hands Down!

2006 profit curve.^Take a look at 2006 – again quite steady and profitable! About Ron Carter. Although now retired, Ron Carter could not think of a better way to spend the past 28 years of his life than being a Floor Trader. The excitement of the pit along with the financial and professional fulfillment is as much as anyone can ask out of a career, but once the thrill of the trade is in you it doesn’t go away. »» Continue to read about Pro Forex Robot Report - Why are traders choosing this automated trading system

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Pro Forex Robot Report – Introduction to this Floor Trading System Robot

Friday, May 21st, 2010 at 12:16 pm
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Pro Forex Robot was developed by expert mathematicians and programmers with the guidance of 28 year professional Floor Trader Ron Carter. Ron made a career in the pits by trusting his instincts and acting on opportunity. PFR blends Ron’s trading style with state-of-the-art technology for winning results.
You will see live trading results

We are so confident in our Pro Forex Robot robot that we will show you the REAL, Live trading results for the past two years. Forex trading does not have to be stressful and confusing. Use the tried and true method of an actual Floor Trader to finally realize your Forex goals, while remaining hands and worry free Two webinars to anwer your doubts. It is just that simple. Have a question about how PFR works?

»» Visit http://www.proforexrobot.com

»» Continue to read about Pro Forex Robot Report - Introduction to this Floor Trading System Robot

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Delphi Scalper News Flash – Introductory price is finishing soon (price doubling)

Friday, May 7th, 2010 at 3:04 am
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Delphi Scalper is still a bargain though.And even at that price point, it will be the best deal around, as Delphi will empower you to trade like a professional, effortlessly “stealing” your pips out of the market in under 90 minutes a day…But at HALF price…it’s a STEAL.How Delphi Scalper can help you

***Remember, Delphi Scalper, has averaged an astounding 7 winners for every 10 trades it takes.Plus you’ll always know your entries and exits in ADVANCE of each trade.You’ll be taking the exact same trades Jason does (with NO subjectivity)…And you’ll be able to install and begin trading it in just 20-30 minutes from right now! »» Continue to read about Delphi Scalper News Flash - Introductory price is finishing soon (price doubling)

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Forex Secret Agent News Flash : It is Time to Increase Your Winning Odds

Thursday, May 6th, 2010 at 11:30 am
Comments (2)

Turning forex trading into a mathematical game.As wild as it sounds, Forex Secret Agent makes Forex trading like BlackJack. Anything else is gambling in the Forex markets. I’ll let the guys who created it tell you the full story right here: But let me share just one thing here…Forex Secret Agent gives you that mathematical edge

Forex Secret Agent is software that you can install in just a few minutes. Once it’s installed, it watches the markets for you and tells you when a juicy, fat trade comes along (one that its internal trading system says has a great chance of winning). »» Continue to read about Forex Secret Agent News Flash : It is Time to Increase Your Winning Odds

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Tuesday, September 28, 2010

Personal Financial Software


Personal Financial Software

Personal financial software is a wonderful comfort and tool when you are trying to keep your personal finances on track. In a world riddled with a debt crisis, job losses and stock markets volatility it is important to stay on top of your financial state. Personal financial software improves your time management efficiency and lowers your personal stress levels. With personal financial software you can plan, maintain and follow personal budgets and goals.

Keep a track of your income, expenses, taxes and your assets and investments. The right software can also be environmentally friendly by syncing online with your bank or other financial institutions. Paperless transactions and reconciliation is quick and saves all that wasted paper. You can automate your bill pay and savings. This saves all those late fees and embarrassments. Every one has different needs and solutions. I review Quicken, Microsoft Money, Mvelopes, Mint, iBank and QuickBooks as some of the popular personal financial software available.

Personal Financial Software
Personal Financial Software

http://rcm.amazon.com/e/cm/privacy-policy.html?o=1

Website Trading


Fast, convenient access to your forex trading account. Access all the tools, research and resources you need from any computer with an internet connection - no download or installation required.

  • Get real time quotes, news and research
  • Use our interactive charting tools to identify trading opportunities
  • Trade using a full range of single and advanced orders
  • Check positions and balances, transfer money, access reporting, and more.

Learn about Website Trading.

FOREXTrader PRO

Designed for active traders looking for an edge, this highly customizable trading platform delivers top performance.

  • Professional charting tools with 70+ technical indicators
  • Manage positions and orders directly from the charts
  • Streaming news and commentary; ticker of major market indices
  • Advanced customization features

Learn more about FOREXTrader PRO.

Mobile Trading

For traders on the go, our mobile trading solutions deliver the FOREX.com trading experience straight to your mobile device for fast, easy access to your account.

  • View real-time quotes, monitor and manage open positions
  • Execute market orders or choose from eight available order types
  • Browse real-time news, research, and streaming commentary
  • Trade on iPhone, Android, Blackberry, Palm or other mobile devices


Learn more about mobile trading

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Sunday, September 26, 2010

A Week-to-Week Personal Budget

It's all about control

The only reason I've ever fallen behind financially was because I wasn't keeping track of what I was doing. I didn't have control of what was going on with my money. In this case, knowledge is control. Knowing how much money you have, and for what, gives you the control you need to stay "in the black". NOT knowing leads to forgetting: forgetting what you've already purchased, forgetting that big trip to Target or Walmart 3 days ago, forgetting how much you've spent over the past 4 days, etc. All this forgetting leads to guessing: guessing how much money you have left, guessing how much you've spent, and assuming that you have enough, when you're not really sure.

All of that forgetting and guessing comes crashing down when your account becomes overdrawn, and when you finally see how much more you've spent than you thought, and when you see how much less is left than you thought. This is when you start to feel the lack of control. It can make you feel angry, like a failure, depressed, stressed, distraught, hopeless, or even resigned (to the "fact" that you'll always be broke).

But it doesn't have to be that way! Getting back that control is not always easy, but it is always worth it!

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Personal Financial Software


Personal Financial Software

Personal financial software is a wonderful comfort and tool when you are trying to keep your personal finances on track. In a world riddled with a debt crisis, job losses and stock markets volatility it is important to stay on top of your financial state. Personal financial software improves your time management efficiency and lowers your personal stress levels. With personal financial software you can plan, maintain and follow personal budgets and goals.

Keep a track of your income, expenses, taxes and your assets and investments. The right software can also be environmentally friendly by syncing online with your bank or other financial institutions. Paperless transactions and reconciliation is quick and saves all that wasted paper. You can automate your bill pay and savings. This saves all those late fees and embarrassments. Every one has different needs and solutions. I review Quicken, Microsoft Money, Mvelopes, Mint, iBank and QuickBooks as some of the popular personal financial software available.

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Thursday, September 23, 2010

OFFSHORE FOREX BROKERS

So, what have we learned about offshore forex trading? It can be just as risky
dangerous, and more likely to be a form of a gamble like any other kind of forex trading. Hiring offshore forex brokers also needs the same utmost caution and care as any domestic forex broker. Technically, they aren’t really that much different from a regular or domestic forex broker. In fact, many people have grown to dislike off shore forex trading, because of the instability that leads to the unreliability of some offshore forex brokers. Many also have bitter experiences in clinging to much to the exaggerated hopes that offshore forex trading apparently could have brought them.

If that’s the case, then why offshore forex brokers would still be chosen over any other kind of forex broker? What conditions would give us the proper reason to hire them for our business? Why would it even be on the main list of different forex brokers to begin with?

Hiring offshore forex brokers apparently has some advantages that go in line with the same advantages of offshore forex trading itself. Take a look at these two substantial advantages:

1. Tax advantage – many people within this industry know very well that offshore, unlike domestic forex, is not chained to a set of trade laws that limit that generally limit the income potential of your forex strategies. By hiring an offshore forex broker, you can potentially get a tax advantage (depending on the location of your offshore forex broker), which can consequently mean increased income given that the correct choices are made.

2. High leverage trading – many laws around the world have already established limitation to the maximum trading limit possible in forex. This is temporarily ignored by collaborating with they, because you are relatively trading well outside your own country. Of course, like our first advantage, you might well have to research a bit on the laws of the offshore forex broker’s location, just in case you don’t want ending up at a worse position than before.

So as we can see here, the exact instability (country-wise) that they have, can be used to your advantage to improve profits. Remember, always trade at your own risk though, as there is still a significant chance that you’ll lose everything that you have invested in one gamble if you’re not well prepared. It acts as a double-edged sword, a heavy one that almost always lands on you if you’re not cautious enough.

Related posts:

  1. How to Choose from the List of Best Forex Brokers
  2. Forex Brokers must Tread carefully to remain safe!
  3. Brokers of Foreign Exchange For Dummies
  4. The Class of Forex Brokers
  5. Understanding the Criteria for Forex Brokers Ratings
This entry was posted on Friday, June 25th, 2010 at 12:22 am and is filed under Forex brokers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own sit
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Wednesday, September 22, 2010

WHAT IS FOREX

The Foreign Exchange Market, better known as FOREX, is a worldwide market for buying and selling currencies. It handles a huge volume of transactions 24 hours a day, 5 days a week. Daily exchanges are worth approximately $1.5 trillion (US dollars). In comparison, the United States Treasury Bond market averages $300 billion a day, and American stock markets exchange about $100 billion a day.

The Foreign Exchange Market was established in 1971 when fixed currency exchanges were abolished. Currencies became valued at 'floating' rates determined by supply and demand. The FOREX grew steadily throughout the 1970's, but with the technological advances of the 80's FOREX expanded from trading levels of $70 billion a day to the current level of $1.5 trillion.

Who Trades in FOREX?

  • The FOREX is made up of about 5,000 trading institutions such as international banks, central government banks (such as the US Federal Reserve), and commercial companies and brokers for all types of foreign currency. There is no centralized location of FOREX; major trading centers are located in New York, Tokyo, London, Hong Kong, Singapore, Paris, and Frankfurt. All trading is done by telephone or Internet. Businesses use the market to buy and sell their products in other countries, but most of the activity on the FOREX is from currency traders who use it to generate profits from small movements in the market.
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