How To Win At Forex

Foreign currency exchange, the greatest game in the world with a daily trading volume of over a trillion and a half dollars (thirty times larger than the volume of all the U.S. equity markets combined), has it's share of winners and mostly losers. Do you want to learn how to be in the winners circle?

Like any game it's important to know the rules in order to win. You don't have to be a professional to enter the sport, but you should have a basic understanding of the game and how it's played. Most of this can be learned for free from the online brokerage houses who also give you free trading software so you can actually practice playing the game and gain your confidence and skills before plunking down your real cash in the big leagues.

As in any sport, the most important thing to do is practice before you actually play in the real game. I can't stress that enough. Practice, practice, practice makes perfect. The only thing it will cost you is your time. When you think your ready to step on the playing field, start small. Most brokers will allow you to start trading in mini accounts with as little as 300 dollars.

And now for what you've been waiting for, the secret to winning at Forex. You need to have a trading strategy. In other words you need to know what to look for and how to trade to make money. Work out a basic game plan you expect to follow and never let your emotions influence your trades. Rule number one is never to risk more than 2% of your account balance on any one trade. That way if you have a streak of bad luck you will not wipe out your account. Rule number two is that if you have a string of five loses in a row, stop trading real money and go back to demo trading until you have demonstrated success for at least a week. Only then do you go back to trading with real money. Rule number three is to employ strict trading rules that you stick to no matter what and do not trade wildly. If you preserve your capital from big risks you will allow it to grow steadily and consistently. Don't try to make a killing in a short time and you can reasonably expect to grow your account by 10% a month or more.

Remember to have fun with it and learn a little more each day. This could turn into a lifelong professional career.

Wishing you success, Edward Karniewicz

I hope you found this information useful. You can find more valuable information for free at www.4xtradingsecrets.com/p>

FOREX Trading - Not Just for the Big Boys

It seems that almost everyone is familiar with the stock market and many employees are actually invested in it because of their company's 401k. Everyday as part of the news report, we are always given the latest report on the Dow Jones or New York Stock Exchange. Yes, it has its ups and downs and we all know someone who has made large profits as well as devastating losses. The stock market can be very volatile. If there was a market you could trade in without as much of this volatility, had easy access and low cost, what would it be? FOREX.

FOREX (Foreign Exchange market) is the largest financial market in the world with almost $1.5 trillion traded daily. Compare that to $200 billion in the equity market. Basically, FOREX is the exchange where you can sell one country's currency for another. Let's say that you purchase British pounds and then after the pounds/dollar ratio goes up, you sell the pounds and buy more dollars. Until recently this market was only accessible by the major banks, large corporations and those with very large investments. Due to federal regulations, the Foreign Exchange market is no longer a monopoly which means you and I can also profit in this huge market.

Let's look at some of the benefits of FOREX trading.

Accessibility. 24 hours a day, 5.5 days a week. The currency exchange market is an over the counter market which means that there is not one specific location where buyers and sellers meet to exchange currencies. Transactions can be easily handled through websites designed for this purpose.

No exchange or commission fees. Unlike other markets where brokerage fees are incurred, the FOREX market is a worldwide inter-bank market. Trades can be made between the buyer and seller in an instant.

Low minimum Investment. For an initial investment of $300, you can start your FOREX account. This market requires less money to begin trading than any other market. This keeps your risk low.

These are just a few of the many advantages of the FOREX trading. Are you ready to jump into an exciting new adventure that can be very profitable? Can you imagine getting into this market and having someone train you for free? There is a free course currently being offered that will teach both beginners and experienced currency traders how to profit in this market. "FOREX Freedom" is the course you should check out if any of this sounds like the opportunity that you have been waiting for. It will guide you every step of the way.

Karen Kelley spent over 25 year in the computer technology field. She is now creating profitable websites with these principles. For more information and your free downloadable copy of "FOREX Freedom", please visit our web site. "http://www.fxtradingtoday.com.

How to Become an Expert in FOREX Market (2)

Step-by-Step Practical Guide

Step Two: Do Your Homework First

The FOREX trading is one of the most excited and lucrative business you can be involved during your lifetime. You are going to enjoy all aspects of it, if you do your baby steps in the market carefully. Follow the lessons of your Mentor, as described in the Step One: Choose Your Mentor.

It cannot be stressed enough on the importance of enjoying trading. One cannot achieve success and proficiency in any business if there is no inner happiness and joy, coming from what you do and the way you do it. There are many reasons to experience that subtle inner feeling while dealing with currency trading.

FOREX market offers many incredible advantages, compared to any other business. It is available 24/7. Opens on Sunday, 2pm New York time and closes on Friday 4pm. You can work anytime you want within that period. Currency trading offers the best leverage for trading. You have control to assets up to 100 times larger then the amount of money invested in your account. And the list goes on...

It all sound great and can be a perfect source of additional income, independent private business and the most important, to give you that deep inner satisfaction of what you do and the way you do it.

There is an important moment here though; FOREX will be really great for you if you do your homework diligently. The market is very risky for the people who enter it driven by their passion, only. Unfortunately, that is the reality for almost 95% of the new traders. They get in prematurely, get burned, back up and heel their wounds. Only few of them dare to come back again.

The only reason, you are reading that article is to be saved from entering that business unprepared. So, do your homework first. Prepare yourself for the battle.

You need to invest three things here: your TIME, your ENERGY and MONEY.

Let's begin with TIME. Look at your current daily schedule. Write down what kind of activity you go through during the day and how much time you spent for each one. Rank those activities, based on their importance for you and see what you can get rid of. Replace them with time for FOREX. 45 to 90 minutes per day is enough. Write down your decision.

Stick to the above decision for at least 3-4 weeks before to do any changes. Now concentrate on ENERGY. Every activity needs your personal energy in order to be accomplished. Energy includes not only your physical power, but emotional; and mental power, too.

We know from Step One: Choose Your Mentor, that FOREX market has no physical place of execution. It all happens in your mind. Here comes the importance of building all three aspects of energy; physical, emotional and mental in a proper way.

Let's start with mental preparation as the most important aspect. Deep inside of your mind there is a place where all the information about the past, present and future is stored. That has been thought for ages from the spiritual gurus and confirmed by the recent quantum physics discoveries.

That is correct; you have all the information you need in order to win in every trade. You just have to tune yourself closer and closer to that point within. How you do that? In one of the next articles you'll find detailed steps on that aspect.

Consider every one of your FOREX session as a battle. To win that battle you need to build an ability to see clearly what is going on the field. That takes time and a lot of practice. Do not be in a hurry. Remember, you want to build a castle, not a tool shed. Build on a solid base. The base is within you. It consists of all your knowledge, understandings and practical experience.

The second aspect of your personal power deals with emotional preparation. Before to make any practical step, put yourself in a positive state of mind. Find a way to trigger that state again when you catch yourself down during the session. Creating a habit of switching to positive emotions during the "battle" is the secret key number one of every successful trader.

Physical preparation before every session, as a third aspect of your personal energy, is a must do habit. Even if you are physically challenged person you can train your eyes, at least. There is no excuse to miss it. By intensive exercising for 5-15 minutes before the session you boost not only your physical power but the emotional and mental power, too. It is very important step on your way to success in FOREX.

Here comes the MONEY. As you know it is all about the money, right? -Wrong! To put the money as a number one goal is a sure way to loose all. Look to the money as a means to get you to your real goal. Your goal has to be defined very clear. The way to reach that point is to ask yourself WHY?

Why you are getting in here? Why you need the money? Why you want to buy that thing? It is all about feeling happy, satisfied and completed. And those are all inside of you.

Now, the most important question is: If it is all inside, can I get it now? Yes, you sure do! Happiness is the way! You'll get detailed article on that matter, too.

Remember, MONEY will follow you as per your goals. Do not be afraid to raise the level of your goals.

Look for the next Step Three: See the Battle

Teo Gee

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Forex for Express Fortunes

Have you heard about the simple, quick and convenient trading opportunity called forex? Foreign currency exchange is making millionaires out of people just like you and me.

Have you been thinking of investing and wondering what is the most efficient path? Real estate ties up your money for extended periods of time, so does the futures market and the stock exchange provides complications of the harrowing kind. Forex, foreign currency exchange, is relatively new to the public and offers many benefits over traditional investments.

Start Up Capital Traditional investment opportunities are often only available to those with plenty of cash and the confidence to trade it. Forex requires a minimal investment to get started. If you can afford dinner and a movie for 2 you can afford to get started with forex. Throw in the cash for tickets to a concert and a couple promotional tee shirts and you've got a real start in making your trades pay off.

Low Risk, High Yield You can be wrong 50% of the time and still make money with forex. Learn to watch the trends and you've got a significant edge on the volatile stock market.

Convenience Unlike stock markets, you can do forex trading quickly and easily, on your laptop, at the end of your busy day or at the beach. Forex trades seven days a week twenty-four hours a day. No setting your alarm for the market to open on the other side of the world.

Leverage Does this sound like magic to you? If you trade in "mini lots" and have $1,000 invested you are trading a hunk of change valued at $10,000. That's a lot for a mini investment!

Bulls & Bears Makes no difference what the stock market trends are, which way real estate prices are moving, you can always make money with forex. No matter what the trend, you can make a profit in rising and falling markets. Just learn to watch the trends.

Liquidity No need to tie up your money for long periods of time. Your capitol is accessible any time you want it. You haven't bought an office building, gold or pork bellies. You bought cash and you can cash in at a moments notice.

Real Time Practice Paper trading with forex gives you instant feedback on your trades and understanding of the system. It's simple to understand if you get the concepts sufficiently to invest your cash in the market without having to wait.

Forex for Express Fortunes Foreign currency exchange is making millionaires out of people just like you and me. Does everyone get rich trading forex? Of course not! But many do, by taking the time to learn the ups and downs and get some free expert advice. If you are looking for an exciting opportunity to turn $300 into $30,000, it's time to look at the exciting new opportunity available to you in forex, the foreign currency exchange.

Kristin S. Kopp, President of Partners in Progress since 1988, is in the business of helping people get what they want. If you want financial freedom and the ability to call your own shots, check out the FREE introductory report, Forex Freedom available at http://www.rapidforexcoaching.com

Forex Time Zones and Currency Relationships

Knowing when to enter the market is crucial to exercising a good technical trading strategy. There are many pitfalls that inexperienced traders experience because they are entering the market when the probability for making a successful trade is reduced. So when is the best time to look for a trade and why?

The best time to look for a trade is when there is heavy volume in the currency markets. Since the Forex market is open 24 hours per day, it's best to find the times when multiple countries markets are trading at the same time. Every Forex market in the world operates from 8 a.m. to 4 p.m. in their respective time zones. In order to take advantage of the chance of many trades developing, one needs to look at when the Forex market times in different countries overlap. In the overlapping times when multiple markets are open, generally there is the most volume and pip movement.

For instance, it is best to trade the EUR/USD, USD/CHF, or GBP/USD between 8am EST and 12pm EST because the US market is just opening at 8am EST while the European market is finishing up for the day. Another good time to trade is in the middle of the night from 1am EST to 3am EST as many trades develop as the Asian markets are closing and the European markets are opening. The Australian and Asian Markets overlap between 7pm and 10pm EST as well which offer good opportunities. Generally speaking, one can just shut off their computer and not bother looking for trades from 4pm-6pm EST as the US markets close and there are no overlapping markets in those times, so although there may be profitable trades one could enter, the volume is much lower and it is far less likely great trades will develop. The Canadian market does not play a big role in affecting the markets so just trade along with the US market times when the European, Asian, or Australian markets are open.

Many currency pairs tend to trend in the same direction (parallel) or opposite directions (inversely). Traders can use this information to plan to trade more than one pair knowing that they have a high probability of moving in the same or inverse direction.

The general rule is that these pairs listed below tend to trend in parallel relationships. The Euro and Cable tend to move together the most. EUR/USD and GBP/USD USD/CHF and USD/JPY AUD/USD and NZQ/USD

And, these pairs below tend to move inversely the most. The Euro and the Swissy tend to move inversely the most. EUR/USD and USD/CHF GBP/USD and USD/JPY AUD/USD and USD/CAD

Lastly, remember that when trading, Bulls and Bears make money, but pigs get slaughtered. Don't be too greedy. Trade with proper equity management and never risk more than 2% of your trading account on a single trade. Look for 10%-30% pip gains and move on to the next trades. Building small consistent profits will add up to large long-term gains. Trade during times when markets overlap, and use information on parallel and inverse relationships to determine whether or not to enter on trades on multiple currency pairs at the same time.

Wishing You Success! David Molina

If you are interested in furthering your FOREX education and want to get a FREE e-book "Forex Freedom", please visit: www.fxtradingmentor.com

David Molina write articles on FOREX.